Designing Renegotiation Strategies for Existing Contracts

Build a working method for contract renegotiation that stands up to scrutiny and survives daily pressure.

📍 Abu Dhabi🗓️ 5 training days📚 4 modules🎓 Accredited certificate
5intensive training days
4scientific modules
8training sessions
32detailed points

Course Overview

Warehouse performance on contract renegotiation is decided by layout and discipline long before technology. Savings claimed on this strand of procurement and supply operations at signature are frequently lost during execution. The programme builds the judgement to know which parts of the wider procurement and supply operations agenda to standardise and which to leave flexible. Sessions alternate between guided analysis of contract renegotiation and supervised application. What blocks progress on this part of procurement and supply operations is usually unclear ownership rather than unclear intent. The programme is built to be used, and every section of the procurement and supply operations capability it covers ends in something applicable. Across sectors, teams that rehearse contract renegotiation outperform teams that only plan it. It is appropriate for those preparing to take on wider responsibility for this area of procurement and supply operations. Participants finish with a short, specific brief on the procurement and supply operations discipline ready to put in front of a decision maker.

Expected Learning Outcomes

01

Set acceptance criteria for contract renegotiation before work begins rather than after.

02

Apply sustainability and ethical sourcing criteria to contract renegotiation.

03

Assess continuity risk in contract renegotiation and build a proportionate mitigation.

04

Handle the trade-offs in contract renegotiation between speed, cost and assurance explicitly rather than implicitly.

05

Establish traceability from supplier through storage to point of use for contract renegotiation.

06

Adapt recognised practice on contract renegotiation to local constraints without hollowing it out.

07

Build a supplier performance regime covering contract renegotiation with real consequences.

Who Should Attend

01

Inventory controllers managing stock within contract renegotiation.

02

Newly appointed managers taking on contract renegotiation for the first time.

03

Engineering and maintenance staff specifying requirements for contract renegotiation.

04

Internal auditors examining controls over contract renegotiation.

05

Logistics and distribution staff moving material in contract renegotiation.

06

Operations staff who encounter the consequences of contract renegotiation directly.

Course Modules

01

Contract renegotiation: supplier evaluation, award and contract terms

2 sessions · 8 points

Session 1Documentation and customs treatment for contract renegotiation

  • Define measurable service levels in the contract covering contract renegotiation.
  • Apply ethical and environmental criteria to supplier selection in contract renegotiation.
  • Benchmark the organisation's contract renegotiation against comparable operations.
  • Review the audit trail for the last three award decisions on contract renegotiation.

Session 2Reviewing contract renegotiation when nothing has gone wrong

  • Arrange the handover of contract renegotiation so capability survives staff changes.
  • Identify slow-moving and obsolete stock inside contract renegotiation and decide its fate.
  • Agree the escalation route when supply of contract renegotiation is disrupted.
  • Define the trigger that would require contract renegotiation to be redesigned.
02

Contract renegotiation: sourcing strategy and market approach

2 sessions · 8 points

Session 1Making supplier performance on contract renegotiation mean something

  • Rank the weaknesses in contract renegotiation by consequence rather than by ease of fixing.
  • Set the stock count cycle for contract renegotiation and act on discrepancies.
  • Confirm traceability from supplier to point of use for contract renegotiation.
  • Calculate reorder point and safety stock for each item in contract renegotiation.

Session 2The single point of failure inside contract renegotiation

  • Set the review interval for contract renegotiation and who attends.
  • Record the rationale for each significant choice made about contract renegotiation.
  • Identify single-source dependencies in contract renegotiation and cost the alternatives.
  • Build the competence framework that supports contract renegotiation.
03

Contract renegotiation: controls, segregation and fraud prevention

2 sessions · 8 points

Session 1Who answers for contract renegotiation, and to whom

  • Establish who is informed, consulted and accountable in contract renegotiation.
  • Map the physical flow of contract renegotiation through receiving, storage and dispatch.
  • Close out actions on contract renegotiation rather than leaving them open indefinitely.
  • Identify where judgement in contract renegotiation is legitimate and where it is not.

Session 2Where contract renegotiation typically breaks, and why

  • Confirm that those complying with contract renegotiation understand why it exists.
  • Assign responsibility for keeping documentation of contract renegotiation current.
  • Write the specification for contract renegotiation so two suppliers would price it the same way.
  • Agree what will be standardised in contract renegotiation and what will not.
04

Contract renegotiation: specification, requirement and demand

2 sessions · 8 points

Session 1Releasing working capital trapped in contract renegotiation

  • Negotiate payment terms on contract renegotiation without pushing suppliers into distress.
  • Identify single points of dependency in contract renegotiation and reduce them.
  • Segment spend on contract renegotiation by value and supply risk before choosing an approach.
  • Validate claimed savings on contract renegotiation against actual invoiced spend.

Session 2Setting reorder points and safety stock for contract renegotiation

  • Evaluate contract renegotiation on total cost of ownership across the full life.
  • Identify the data already collected that bears on contract renegotiation.
  • Verify segregation between requisition, approval and receipt in contract renegotiation.
  • Distinguish symptoms from causes when contract renegotiation underperforms.

Choose the package that suits you

Silver Package

At least 3 people

USD1,250
  • 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

USD1,850
  • 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.