Managing Contract and Supplier Relationship (SOURCE)

This topic covers a clear understanding of main supplier relations, management methods, taking account of legal, ethical, financial, and contractual issues. This course will provide the essential contracting capabilities, including approval and contractual relationship management methods as well as methods to manage risks, disputes and potential conflicts in the procurement and contracting processes.

Overview

This topic covers a clear understanding of main supplier relations, management methods, taking account of legal, ethical, financial, and contractual issues. This course will provide the essential contracting capabilities, including approval and contractual relationship management methods as well as methods to manage risks, disputes and potential conflicts in the procurement and contracting processes.

Objectives

  • Ensure the contract’s effective implementation and to manage the relationship with suppliers successfully
  • Describe the main types of contractual relationships that might be formed with suppliers and the appropriate use of each
  • Develop successful commercial relationships with prospective suppliers
  • Identify key stakeholders in a procurement exercise and be able to develop effective relationships with them
  • Apply effective performance and quality monitoring methods
  • Manage risks, disputes and potential conflicts during contracting and procurement
  • Understand the importance of ethics and integrity in procurement and how to act in an ethical manner

Target Participants

This course is designed for Procurement Professionals, Category Managers, Contract Managers and Contract Administrators.