Contract management is a continuous procurement process that ensures suppliers adhere to their agreed contractual obligations along with negotiating any future changes that need to take place. Historically, the purpose of a contract as a legal document was to protect the parties from negative consequences of its breaches. Today, when companies are facing increasing pressures to reduce costs and improve financial and operational performance, forming and managing new trading relationships is critical for success. How well an organization manages its relationships with partners defines the two core elements of bottom line performance: increasing revenues and decreasing costs. Contract management plays an important role by ensuring the smooth running of operations, protecting the organization from risks and shaping the buyer-supplier relationships. The procurement management process involves managing the ordering, receipt, review and approval of items from suppliers. A procurement process also specifies how the supplier relationships will be managed, to ensure a high level of service is received.

 
Course Coverage:

  • Procurement & Supply Management
  • Procurement Cycle
  • RFI, RFP, RFQ and RFT
  • Total Cost of Ownership(TCO)
  • Purchase Requisition(PR) & Purchase Order(PO)
  • PPRA Rules – Pakistan
  • 5 Rights of Procurement
  • Global Sourcing
  • Contracts Management
  • BOOM and BOOT Contract
  • Negotiating, Drafting & Understanding Contracts
  • Portfolio Analysis                                                                                                           

Participant Profile:

This course is designed for Engineers, Procurement, Warehousing & Shipping Personnel, Project Managers, students and all those who want to enhance their skills in the challenging field of Procurement & Contracts.  

Instructor Profile:

An experienced and highly qualified professional in the field of procurement & contracts will conduct this course. 

Methodology:

This course will be delivered through lectures, multimedia presentations, videos and case based methodology. 

Learning Outcome:

Participants will be able to learn concept of Procurement & Contracts They will be able to differentiate between Procurement & Purchasing, develop understanding of Procurement Cycle, Total Cost of Ownership. They will also be familiar with Pakistan PPRA Laws and understand BOOM & BOOT Contracts.