Course Overview

Contract management is the administration of all of the activities around creating, detailing, awarding, and administering a contract. It is also about successfully managing the relationship between two people or organizations that are exchanging a product or service. This contract management training is aimed at building the learner’s knowledge and skills of the contracting management processes, principles and practices to meet their organization/project objectives.

Course ObjectivesBy the end of this course the learners should be able to:

• Understand the contract management process
• Select the right contract type for their project/organization
• Decipher contract legal language
• Formulate quality and legally abiding contracts
• Choose the offer that will result in the best value for the buyer
• Negotiate favorable contract terms
• Effectively administer contracts

Course Duration

Online     7 Days

Classroom-based     5 Days

Course Outline

Introduction to Contract Management

• Key concepts in contract management
• Understanding contract management process
• Types of contract

Concepts and Principles of Contract Law

• Mandatory elements of a legally enforceable contract
• Terms and conditions
• Remedies
• Interpreting contract provisions

Planning

• Preparing the business case
• Developing contract strategy
• Risk assessment
• Developing a contract management plan

Contract Solicitation

• Market research
• Drafting specifications and requirements
• Establishing the form of contract
• Establishing the pre-qualification, qualification & tendering procedures

Contract Evaluation

• Evaluation criteria and method
• Appraising suppliers
• Evaluating offers

Contract Award

• Negotiation
• Contract preparation
• Contract issuance and signing
• Debriefing of unsuccessful suppliers

Elements of a Contract

• Legal elements of a contract
• Basic structure of a contract
• Terms and conditions of a contract
• Contractual instruments

Contract Administration

• Contract performance monitoring and control
• Change management
• Dispute management and resolution
• Financial management
• Contract close out

Training Approach

This contract management training is delivered by our seasoned trainers who have vast experience as expert professionals in contract management. The course is taught through a mix of practical activities, theory, group works and case studies.

Training manuals and additional reference materials are provided to the participants.

Certification

Upon successful completion of this contract management training course, participants will be issued with a certificate.

Tailor-Made Course

We can also do this as a tailor-made course to meet organization-wide needs. A training needs assessment will be done on the training participants to collect data on the existing skills, knowledge gaps, training expectations, and tailor-made needs

Training on Integrated Inventory and Warehouse Management

About the Course

The value of supply chain management cannot be overstated in this day of intense competition. Inventory control and warehousing are essential elements of supply chain management. To increase customer satisfaction, reduce obsolete inventory, and optimize supply chain costs, these functions need to be strategically controlled. Today’s supply chain practitioners must have expertise in cutting-edge storage and inventory management solutions.

Participants will learn the fundamentals of strategic warehousing and inventory management throughout this integrated inventory and warehouse management training, as well as the best ways to manage inventory and warehouse.

Target Participants

Integrated inventory and warehouse management training is ideal for inventory, stock, supply chain, logistics, warehouse and distribution professionals, project managers, finance staff, operational staff, government officials, and any other professionals who want to build their skills in supply chain management.

Course Duration

Facility-based       5 Days

Course ObjectivesBy the end of this course the participants will be able to:

• Understand and implement different tools for managing inventory in the supply chain
• Appreciate the strategic importance of warehousing and inventory
• Improve the efficiency of warehouse and inventory management operations
• Identify and understand key performance indicators
• Develop an inventory strategy in the warehouse

Course Outline

Inventory and the Supply Chain 

• Inventory flow in the supply chain
• Inventory definitions and importance
• The basic rules of a successful supply chain
• Supply chain and inventory dynamics
• Financial management, cash flow, and inventory
• Statistics application in inventory control
• Truths on inventory visibility

Key Components to Understanding Effective Inventory Control

• End-user demand analysis
• Forecasting for operations and maintenance
• Understanding supply lead time
• Cost & benefits analysis
• Developing inventory policies
• The need for inventory in an organization

Inventory Methods and Systems 

• Basic mechanics of inventory systems
• Establishing order quantity
• Implications of free stock in inventory
• Replenishment methods, reorder point, and reorder level (ROP / ROL)
• Requirements for planning systems, bills of material, and inventory planning
• Inventory control methods

Establishing Stock Control 

• Establishing stock checking
• Developing stock accuracy
• Stock tolerances and approvals
• Stock reconciliations/discrepancies
• Identifying surplus and obsolescent stock
• Identifying different storage conditions
• Understanding stock coding
• Stock variety reductions

Implementing the Tactical Procurement Decisions

• Supplier Involvement
• Value analysis
• Quality Assurance
• Supplier selection
• Supplier rating and ranking
• Contract management
• IT systems and e-Procurement
• Policies and procedures
• Staffing the procurement department

Training Approach

Integrated inventory and warehouse management training is delivered by our seasoned trainers who have vast experience as expert professionals. The course is taught through a mix of practical activities, theory, group work, and case studies.

Training manuals and additional reference materials are provided to the participants.

Certification

Upon successful completion of this integrated inventory and warehouse management training course, participants will be issued a certificate.

Tailor-Made Course

We can also do this as a tailor-made course to meet organization-wide training needs. A training needs assessment will be done on the training participants to collect data on the existing skills, knowledge gaps, training expectations, and tailor-made needs.