Introduction
The 2-days training program addresses the delivery of value to business and bottom-line improvement through Contract Management. The participants will be going through a step by step journey focused on key deliverables that align to Company business needs and plans. The interactive workshop style program is designed to bring participants to understand, involve, create, innovate and lead in identifying opportunities, build relationship, manage stakeholders, deliver value and continuous improvement in managing contracts and procurement activities.
Objective
Participants will take away invaluable experience with a broader view of delivering values and bottom-line improvement of business is the fundamental objective of Contract Management. An added value of this program is to expose the participants to leaderships in managing stakeholders, communication, collaboration, thinking out of the box, influencing and problem solving skills.
Learning Outcomes
By the end of this course, delegate should be able to:
- Identify and understand your company business goals and objectives
- Assess demand and supply of your business and the market in general
- Develop and select the most optimum contracting and procurement strategy
- Implement contract for success and deliver your company objectives
- Execute and manage contract post award
- Use appropriate tools to maximize value for your contracts and to build contract management action plan
- Foster relationship with key stakeholders and suppliers
Key Modules
- Assess Demand & Supply
- Develop & Select Strategy
- Source & Award
- Implement Contract
- Execute & Manage Contract
Who Should Attend
- Procurement Manager
- Sourcing Executive
- Buyer Contract Manager
- Contract Administrator
- Project Manager
- Project Engineer
- Finance and Administration Staff
Course Outline
Module 1: Assess Demand and Supply
- Determine Business Needs
- Establish Clear Roles and Responsibilities for Key Personnel • Assess Market Conditions
- Profile Current and Potential Suppliers
- Identify Value Opportunities
Module 2: Develop and Select Strategy
- Develop Cost Profile/Model and Identify Opportunities • Develop Value Initiatives
- Develop Category and Sourcing Strategy
- Conduct Peer Review
- Management Endorsement of Sourcing Strategy
Module 3: Source and Award
- Manage Sourcing Process
- Evaluate and Award Contract
- Sign Contract
Module 4: Implement Contract
- Communicate Contract Details and Create Alignment
- Localize Contract
- Operationalize Contract
- Re-confirm Clear Roles and Responsibilities for Key Personnel
- Conduct Contract Kick-off Meeting and Develop Contract Management Plan
Module 5: Execute and Manage Contract
- Commence Contract Operations and Manage Contract Execution
- Manage and Optimize Contract Performance
- Maximize Value Delivery and Continuous Improvement
- Manage Contract Changes and Dispute/Claims
- Closeout Contract
About Expert Trainer
Your expert trainer is a Contract and Procurement professional with 18-years experience managing procurement and overall 28-years working experience in oil refining business. His hands-on experience puts him in unique position as a trainer that understands the business needs and objectives, market movement and the latest in procurement and supply chain related trends.