Advanced Contract Management and Supplier Performance

Description

This session focuses on managing procurement contracts throughout their life cycle, from drafting and negotiation to performance monitoring and dispute resolution.Participants will explore contract types, including fixed-price and cost-reimbursable contracts, and learn how to select the right model based on procurement objectives. They will gain hands-on experience in contract negotiation, ensuring that agreements provide value and minimize risk.

What you will learn

By the end of this course, you will be able to implement a successful strategy that enables you to:

• 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.