The Complete Course on Contracts & Supply Chain Best Practices

We regret to inform you that there are currently no scheduled sessions for this course, so please let us know your preferred date and location and we will contact you soon.

Course Introduction

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

Objectives

By the end of this 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

Training Methodology

This 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.

Who Should Attend?

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

Course Outline

Day 1: 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 2: 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 3: 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 4: 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 5: 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 6: 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

Day 7: 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 8: 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 9: 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 10: Rethinking the Supply Chain and Improving your Results

  • Rationale and approach to performance management
  • Identifying, defining, and tracking your metrics
  • Incentives and continuous improvement
  • Reengineering supply chains end to end to minimise risk
  • Organisation development

Certificate

  • Copex Certificate of Attendance will be provided to delegates who attend and complete the course.

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Whats Makes Copex Courses Unique?

COPEX Training is your gateway to professional growth, with over 20 years of experience turning potential into success. Each year, we deliver over 1,000 courses in 50+ countries, earning a stellar 98% satisfaction rate. Trusted by global giants like BP, the United Nations, and HSBC, we partner with top certification bodies to provide career-focused training that empowers individuals and drives organizational breakthroughs. Our mission? To transform the way professionals learn and grow in today’s fast-changing industries. Through expert insights, cutting-edge methods, and hands-on approaches, we equip you with the skills and confidence to tackle challenges, seize opportunities, and thrive in your career.

Led by a passionate leadership team and supported by a network of world-class trainers, COPEX Training connects professionals worldwide with life-changing opportunities. We are committed to excellence, ensuring every participant leaves with the tools, expertise, and confidence to conquer an ever-evolving world.

Frequently Asked Questions

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Our cancellation policy varies depending on the circumstances presented. Generally, cancellations must be initiated in formal writing at least 14 days prior to the commencement date of the training course. Further, the option to shift an existing registration to another training course on a later date is possible. Otherwise, a full refund will be initiated.

Our training courses courses are being held at five-star hotels in prime and iconic destinations across the globe. Cities such as Amsterdam, Barcelona, Dubai, Geneva, Istanbul, Kuala Lumpur, London, Houston, New York, Paris, Vienna, Zurich, etc.

Our training courses will run for 5 hours per day. The standard daily timing is from 8:30 am – 3:30 pm including the coffee/tea breaks and lunch.

The training course fee can be settled by either:

  • Bank transfer
  • Credit Card

Published training course fees are inclusive of the training venue, training manual, writing materials, lunch and coffee breaks with refreshments over the entire duration of the training course.

Upon successful registration, processing window will take not more than 24 hours from the time of registration. An email including the registration confirmation, invoice and joining instructions will be sent to the provided email address.

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We can customize this training course for you!

At Copex Training, we offer customizable courses designed to fit your specific needs. whether it's refining procurement practices or enhancing leadership and management skills, we tailor our programs to meet your unique goals and challenges. Let us create a training solution that delivers real results for your team.