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Key details

Mode of delivery: Online Course

Course code: PCM13BO

Duration: 3 days

Fee: £2,204.00 + VAT

CPD Hours: 18

Course Overview

This course is designed for professionals looking to enhance procurement risk management, contract strategies, and ESG compliance. Over three days, participants will develop expertise in identifying procurement risks, managing supplier contracts, and integrating sustainability into procurement decisions.

Agenda

Day – 1 Strategic Sourcing and Bid Evaluation

Developing a procurement strategy using CIPS and CMBoK principles
Writing an effective Statement of Requirement (SOR) and Scope of Work (SOW)
Supplier prequalification and evaluation techniques
Bid evaluation methodologies and selection criteria
Applying negotiation frameworks to achieve best value

Day – 2 Managing Procurement Risk and Supply Chain Disruptions

Identifying key procurement risk areas and vulnerabilities
Risk assessment and mitigation strategies in procurement
Contract risk allocation and compliance management
Managing supply chain disruptions and contingency planning
Ethical procurement practices and fraud prevention

Day – 3 Advanced Contract Management and Supplier Performance

Contract life cycle management and governance
Selecting the right contract type: Fixed-price vs. cost-reimbursable contracts
Key contract negotiation strategies and dispute resolution
Supplier performance monitoring and evaluation metrics
Procurement Key Performance Indicators (KPIs) and continuous improvement

Course Review

Summary and recap of key learning objectives
Action Planning

Target Audience

This course is suitable for:

Procurement Officers
Category Managers
Supply Chain Managers
Contract Managers
Sustainability and ESG Officers
Procurement Analysts
Senior Procurement Managers
Finance and Compliance Professionals

Learning Outcomes

By the end of this course, you will be able to implement a successful strategy that enables you to:

Develop strategic sourcing plans aligned with organisational goals and procurement best practices.
Draft clear and effective Statements of Requirement (SOR) and Scope of Work (SOW) to define procurement needs.
Implement supplier prequalification and evaluation techniques to ensure vendor reliability and compliance.
Apply structured bid evaluation methodologies to select the most suitable suppliers.
Utilise negotiation frameworks to achieve the best value in procurement contracts.
Identify and assess key risks in procurement processes and supplier management.
Develop risk mitigation strategies to minimize procurement disruptions and financial exposure.
Apply contract risk allocation principles to ensure legal and financial protection.
Implement contingency planning to address supply chain disruptions and external market factors.
Ensure compliance with ethical procurement practices and develop fraud prevention mechanisms.
Understand the full contract life cycle and its impact on procurement efficiency.
Identify and apply the appropriate contract type based on procurement needs and risk considerations.
Develop negotiation strategies to secure favorable contract terms and resolve disputes effectively.
Implement supplier performance monitoring tools and evaluation frameworks.
Utilise procurement KPIs to drive continuous improvement and enhance contract outcomes.