An intensive professional development training course
The Complete Course on Contracts
and Supply Chain Best Practices
We currently have no scheduled sessions for this course. If you are interested in running this course, please contact our Training Department at [email protected]
Brochure
Why Choose this Training Course?
Since the global economic downturn, the world of Contract Management and Supply Chain Management has become much more important. Contracts and Supply Chain professionals continue to be pressured to deliver superior operational results while at the same time reducing costs. They need to be able to ensure their organizations become industry pace setters, by better managing their contracts and supply chains to achieve reduced costs, whilst at the same time, improving service levels. Mastering the art of Contract Management and Supplier Relationship Management has been proven to be one of the best methods to ensure a consistent level of efficiency and improved performance of supply partners.
This course will feature:
- The differences in approach between different legal and contracting systems
- Identity, analyse and evaluate supply chain risk and risk allocation and dispute resolution
- Contracting in an international context
- Apply a thorough understanding of supply chain activities
- Managing and optimizing your inventory to deliver financial results
The Structure
This comprehensive course consists of two modules which can be booked as a 10 Day Training event, or as individual, 5 Day courses.
Module 1 - The Complete Course on Contracts Management
Module 2 - Supply Chain Best Practices
What are the Goals?
By the end of this training course, participants will be able to:
- Improve their understanding of the role of contracts within a business
- Develop more confidence in dealing with contracting issues
- Understand how strategies can be developed to improve the commercial outcomes
- Apply the latest international thinking in dispute resolution
- Analyze the effectiveness of your firm’s supply chain practices
- Create an inventory strategy that speeds cash flow
- Evaluate and work with suppliers to deliver tangible business results
- Use analytical tools to identify supply chain risk
- Make cost and service improvement
Who is this Training Course for?
This course will benefit all levels of personnel engaged in contract management, negotiation, procurement, operations, and disputes. This course is suitable to a wide range of contracts professionals but will greatly benefit:
- Contract Administrators, Contract Professionals and Project Coordinators
- Specifiers, Buyers, Purchasing Professionals and Procurement Officers
- Contracts managers
- Sourcing, procurement, and supplier management professionals
- Production and manufacturing professionals
How will this Training Course be Presented?
This training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This includes high levels of participant discussion, group interaction, delegate group exercises and case studies. Materials include existing contemporary English language contracts in many jurisdictions. Delegates will be encouraged to raise their own issues and problems faced within their industry or organisations for discussion on a confidential basis.
The Course Content
Module 1: The Complete Course on Contracts Management
Day One: What are Contracts and how are they Created?
- The need for contractual relationships
- What is needed to create a valid contract? Ingredients and formalities
- Authority and agency
- The tender process
- Alternative sourcing
- Making contracts enforceable – with particular emphasis on the international context
Day Two: The Structure of Contracts
- Form of Agreement
- Hierarchy of Terms and Conditions
- Different contractual structures
- Traditional and new
- Risk and Title (ownership) in international trade. When does it transfer?
- Notices and other formalities
- Which law and which courts?
Day Three: Collateral Documents
- Securitising performance obligations
- Bonds and guarantees
- Parent company guarantees
- Letters of intent, comfort or awareness
- Insurance policies
- Assessing the need for financial security
Day Four: Change and Variation
- Changes to Contract documents
- Assignment/Novation explained and distinguished
- Variation clauses and changes to the scope of work
- Claims – what they are, and how they arise
- Delay and disruption
- Force majeure
Day Five: Resolving Disputes
- Conflict avoidance and tiered dispute resolution clauses
- Negotiation
- Litigation
- Arbitration
- Mediation, ENE and new best practices in dispute resolution and management
- Final questions and review of Managing Contracts
Day Six: Understanding the Supply Chain
- Supply Chain Definitions
- Supply Chain Models and Types
- Types of process frameworks
- Defining performance gaps
- Customers, competitive advantage and demand
- The Global Supply Chain
Module 2: Supply Chain Best Practices
Day Seven: Unlocking your Cash: Inventory Management and Optimization
- Types of inventory
- Applying procurement strategies that maximize inventory turns
- Speeding the cash-to-cash cycle time
- The financial justification for change
- Supplier relationship management: Strategies, approaches, and tools
Day Eight: A New Paradigm for Outsourcing
- Is your relationship transactional or outcome-based?
- Defining desired outcomes that are measurable
- Developing an effective outsourcing contract
- Designing a pricing model that incentivizes desired behaviours
- Evaluating cost/service trade-offs
Day Nine: Identifying Supply Chain Instabilities and Risks
- Internal supply chain risks
- PESTLE and external risks
- Risk management principles
- Evaluation and prioritisation of risks
- Contingency and risk management planning
Day Ten: Rethinking the Supply Chain and Improving your Results
- Rationale and approach to performance management
- Identifying, defining, and tracking your metrics
- Incentives and continuous improvement
- Re-engineering supply chains end to end to minimise risk
- Organisation development
The Certificate
- AZTech Certificate of Completion for delegates who attend and complete the course
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