About this course
This course is designed for professionals looking to enhance procurement risk management, contract strategies, and ESG compliance. Over three days, participants will develop expertise in identifying procurement risks, managing supplier contracts, and integrating sustainability into procurement decisions.
What you will learn
By the end of this course, you will be able to implement a successful strategy that enables you to:
Develop strategic sourcing plans aligned with organisational goals and procurement best practices.
Draft clear and effective Statements of Requirement (SOR) and Scope of Work (SOW) to define procurement needs.
Implement supplier prequalification and evaluation techniques to ensure vendor reliability and compliance.
Apply structured bid evaluation methodologies to select the most suitable suppliers.
Utilise negotiation frameworks to achieve the best value in procurement contracts.
Identify and assess key risks in procurement processes and supplier management.
Develop risk mitigation strategies to minimize procurement disruptions and financial exposure.
Apply contract risk allocation principles to ensure legal and financial protection.
Implement contingency planning to address supply chain disruptions and external market factors.
Ensure compliance with ethical procurement practices and develop fraud prevention mechanisms.
Understand the full contract life cycle and its impact on procurement efficiency.
Identify and apply the appropriate contract type based on procurement needs and risk considerations.
Develop negotiation strategies to secure favorable contract terms and resolve disputes effectively.
Implement supplier performance monitoring tools and evaluation frameworks.
Utilise procurement KPIs to drive continuous improvement and enhance contract outcomes.