A supply chain is only as reliable as the least visible link inside drafting procurement contracts. Savings claimed on the practice within procurement and supply operations at signature are frequently lost during execution. Organisations that document this strand of procurement and supply operations properly resolve disputes about it far more quickly. The outcome is a practitioner who can hold a position on drafting procurement contracts and revise it on evidence. Participants test their assumptions about this part of procurement and supply operations against scenarios designed to break weak ones. Most organisations already have a policy on the procurement and supply operations discipline; far fewer can show it working. This programme builds drafting procurement contracts from first principles, without padding and without omitting what matters. The programme works equally well for those formalising this area of procurement and supply operations for the first time and those improving an existing approach. The course ends by identifying what the participant will stop doing to make this aspect of procurement and supply operations sustainable.
Expected Learning Outcomes
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Structure records of drafting procurement contracts so that they answer the questions an auditor will actually ask.
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Plan the handover of drafting procurement contracts so that capability is not lost when key staff move on.
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Set the minimum documentation for drafting procurement contracts that is genuinely necessary, and stop there.
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Segment spend on drafting procurement contracts and apply a sourcing strategy proportionate to risk and value.
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Write a specification for drafting procurement contracts that suppliers can price without guessing.
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Negotiate payment terms on drafting procurement contracts that improve cash without damaging supply.
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Integrate drafting procurement contracts with demand forecasting and production planning.
Who Should Attend
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Quality staff verifying that drafting procurement contracts performs as designed.
