Plan the disposal or return route for obsolete and damaged stock in contract renewal strategy.
Designing Contract Renewal Strategies Before Expiry
Develop the judgement and the documentation needed to run contract renewal strategy properly.
Course Overview
A supply chain is only as reliable as the least visible link inside contract renewal strategy. Savings claimed on the practice within procurement and supply operations at signature are frequently lost during execution. It establishes a shared vocabulary for this area of procurement and supply operations so that teams can disagree productively about it. Participants gain a realistic view of what contract renewal strategy costs and what it returns. The version of the procurement and supply operations discipline described in the manual and the version practised on the floor tend to diverge over time. Field experience suggests that the barrier to better the procurement and supply operations capability is rarely technical. Discussion is anchored to worked examples of contract renewal strategy rather than to abstract argument. Participants come from operational and oversight roles, and both perspectives on this strand of procurement and supply operations are used deliberately. The final module sets out how progress on the procurement and supply operations capability will be evidenced six months later.
Expected Learning Outcomes
Anticipate the objections that contract renewal strategy will attract internally and answer them in advance.
Compare the organisation's handling of contract renewal strategy with recognised practice, and close the material gaps.
Reduce the working capital tied up in contract renewal strategy without creating stock-outs.
Segment spend on contract renewal strategy and apply a sourcing strategy proportionate to risk and value.
Document decisions about contract renewal strategy in a form that remains useful after the people change.
Design contract terms for contract renewal strategy that make performance measurable and enforceable.
Who Should Attend
Contract managers administering agreements covering contract renewal strategy.
Compliance and governance staff whose remit includes contract renewal strategy.
Warehouse and stores managers operating contract renewal strategy.
Department heads accountable for the results of contract renewal strategy.
Logistics and distribution staff moving material in contract renewal strategy.
Internal auditors examining controls over contract renewal strategy.
Course Modules
Contract renewal strategy: continuity, risk and single points of failure
2 sessions · 8 pointsSession 1The cost of contract renewal strategy and how to present it
- Map the handovers in contract renewal strategy between functions and secure them.
- Segment spend on contract renewal strategy by value and supply risk before choosing an approach.
- Identify single-source dependencies in contract renewal strategy and cost the alternatives.
- Rehearse the briefing on contract renewal strategy that would follow an incident.
Session 2Releasing working capital trapped in contract renewal strategy
- Evaluate contract renewal strategy on total cost of ownership across the full life.
- Identify single points of dependency in contract renewal strategy and reduce them.
- Confirm that those complying with contract renewal strategy understand why it exists.
- Verify six months later that changes to contract renewal strategy have held.
Contract renewal strategy: warehouse layout, flow and handling
2 sessions · 8 pointsSession 1Setting reorder points and safety stock for contract renewal strategy
- Prepare the summary of contract renewal strategy that senior management will read.
- Set the consequence for failing service levels on contract renewal strategy, and apply it.
- Confirm traceability from supplier to point of use for contract renewal strategy.
- Verify segregation between requisition, approval and receipt in contract renewal strategy.
Session 2Documentation and customs treatment for contract renewal strategy
- Decide what will be stopped to create capacity for contract renewal strategy.
- Define acceptance criteria for contract renewal strategy in advance.
- Agree the indicators that will show whether contract renewal strategy is improving.
- Identify the data already collected that bears on contract renewal strategy.
Contract renewal strategy: supplier evaluation, award and contract terms
2 sessions · 8 pointsSession 1Keeping contract renewal strategy alive after the initial push
- Apply ethical and environmental criteria to supplier selection in contract renewal strategy.
- Remove steps in contract renewal strategy that add effort without adding assurance.
- Benchmark the organisation's contract renewal strategy against comparable operations.
- Negotiate payment terms on contract renewal strategy without pushing suppliers into distress.
Session 2Laying out the warehouse around how contract renewal strategy actually moves
- Agree what will be standardised in contract renewal strategy and what will not.
- Review whether inventory policy on contract renewal strategy still matches actual demand.
- Calculate reorder point and safety stock for each item in contract renewal strategy.
- Set the stock count cycle for contract renewal strategy and act on discrepancies.
Contract renewal strategy: measurement, savings validation and reporting
2 sessions · 8 pointsSession 1What to measure in contract renewal strategy and what to ignore
- Validate claimed savings on contract renewal strategy against actual invoiced spend.
- Review the audit trail for the last three award decisions on contract renewal strategy.
- Define measurable service levels in the contract covering contract renewal strategy.
- Prepare the response for the most likely failure in contract renewal strategy.
Session 2Writing a specification for contract renewal strategy suppliers can price accurately
- Assign responsibility for keeping documentation of contract renewal strategy current.
- Set out the decisions in contract renewal strategy that require sign-off and by whom.
- Agree the escalation route when supply of contract renewal strategy is disrupted.
- Assess supplier financial health for critical elements of contract renewal strategy.
Choose the package that suits you
Silver Package
At least 3 people
- Workshop or Program Participation
- Airport Transfers
- Customized Badge
- Expert Mentorship (Private Sessions)
- Supervision & Secretarial Services
- Accredited Certificate of Participation
- Complete Training Kit
- Coffee Break
- Closing Ceremony
Gold Package
At least 3 people
- 5-night stay in a 5-star hotel
- Workshop or Program Participation
- Airport Transfers
- Customized Badge
- Expert Mentorship (Private Sessions)
- Supervision & Secretarial Services
- Accredited Certificate of Participation
- Complete Training Kit
- Coffee Break
- Closing Ceremony
Complete your registration
We will contact you within one business day to confirm.