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AI in Procurement and Contract Management

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  • Overview ImageOverview
  • Outline ImageCourse Outline
  • Scheduled ImageScheduled Dates

Course Overview

Artificial Intelligence is transforming procurement and contract management by automating routine tasks, enhancing data analysis, improving supplier selection, and increasing the speed and accuracy of decision-making. This 5-day course will equip procurement, legal, and contract professionals with the knowledge and tools to integrate AI into procurement strategies and contract lifecycles.
Participants will explore AI-driven sourcing, risk assessment, supplier performance analytics, automated contract review, and compliance monitoring. The course will balance foundational understanding with real-world applications of emerging AI technologies.

Objective:

By the end of this course, participants will be able to:

  • Understand the impact of AI on modern procurement and contract functions
  • Identify and assess AI tools that support strategic sourcing and supplier selection
  • Use AI to improve contract creation, review, negotiation, and lifecycle management
  • Enhance risk management, compliance, and supplier performance monitoring
  • Apply ethical and governance principles in AI-based procurement decisions
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Course Outline

Day 1: Introduction to AI in Procurement & Contracting

  • What is AI, and how is it used in procurement?
  • Overview of procurement and contract lifecycle
  • AI vs. traditional digital procurement Tools
  • Key technologies: NLP, machine learning, robotic process automation

Day 2: AI in Strategic Sourcing & Supplier Selection

  • AI-enabled supplier discovery and risk scoring
  • Data-driven vendor evaluation and decision-making
  • Predictive analytics in demand and cost forecasting
  • Automating RFQs, e-sourcing and bid analysis

Day 3: AI in Contract Creation & Review

  • AI-assisted contract drafting and clause selection
  • Natural Language Processing (NLP) for contract review
  • Smart contracts and blockchain-enabled agreements
  • AI-driven contract risk assessment and compliance checks

Day 4: AI in Risk, Compliance & Supplier Management

  • Monitoring contract performance with AI tools
  • Detecting anomalies, delays, and non-compliance
  • Supplier scorecards and risk dashboards
  • Ethical and responsible AI use in procurement

Day 5: Implementing AI in Procurement Strategy

  • Readiness assessment for AI adoption
  • Selecting the right AI tools and platforms
  • Change management, team training, and stakeholder buy-in
  • Future of AI in procurement: trends, opportunities, and governance
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Schedule & Fees

3 For 2Offer

Get the most out of group training with our special discount! Register 3 of your participants together on the same course and only pay for 2.

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Location

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London

London

$5,300


Duration: 5 Days

date: 19 - 23 May 2025

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New
London

London

$5,300


Duration: 5 Days

date: 20 - 24 Oct 2025

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  • Leadership and Management

AI in Procurement and Contract Management

Rating: 5/5

Duration:5 Days

date:19 - 23 May 2025

London

London

$5,300


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Frequently Asked Questions

How can training courses be used as a company benefit?

Training is hugely beneficial to both yourself and your company. It enables you to employ new technologies, increases your productivity and enables you to be more autonomous. Have a look here at our infographic on the importance of training and development!

How often do you update your course content to ensure relevancy?

Our course content is constantly reviewed and updated to ensure we stay up to date with all the latest trends. After every course is completed we review the feedback and improve the material where necessary.

Do you keep your classroom environment and instructional methodologies current with today’s real-world workplace?

Yes, we focus our training on ‘real-world’ scenarios and our trainers are all highly experienced and skilled in their relevant fields.

Are your courses eligible for professional certification?

Yes, we offer certification with all our courses, every course is entitled to CPD (Continuous Professional Development) hours which you can put towards your professional portfolio.

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AI in Procurement and Contract Management

  • United KingdomLondon
  • calendar19 - 23 May 2025
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AI in Procurement and Contract Management

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  • 19 - 23 May 2025
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