Procurement ,Contract Management and Effective Negotiation
Procurement is an essential strategic function that enables the organization to improve its profitability through streamlining business processes reducing material costs and identifying the most relevant sources of supply . Both for the private and Public sector procurement plays a crucial role in maximizing the value for money when committing the certain Expenditure. Deployment of Effective Procurement strategy relies significantly on long-term supplier relationships, contracting practices and constructive negotiation skills. All of these functions as a bundle can determine overall organizational cost effectiveness and seamless operational process
- In this course ,the Participants will learn how to manage effectively the entire procurement and contracts management lifecycle and master essential negotiation skills while handling the suppliers and vendors .Every step of the process will be covered in depth starting from selecting the most appropriate supplier all the way to establishing service level agreements.