Purchasing and Inventory Optimization: From Strategy to Execution
Introduction
This intensive **10-day programme** equips contracts, purchasing, and procurement professionals with the skills to manage the increasing complexity of modern commercial and business relationships.
Participants will gain a strong understanding of how contracts and purchasing strategies shape business outcomes, how risk is allocated, and how world-class procurement practices can drive strategic value. The course combines best practices in contracts, purchasing, and inventory optimisation to help participants design strategies, streamline operations, and deliver measurable results.
This programme will feature:
* How contracts shape and control business relationships
* Risk allocation in contract management and protecting organizational interests
* Insights into international contracting in English law contexts
* Best practices in contract management and procurement strategies
* Optimizing purchasing and inventory for cost efficiency and competitive advantage
* Developing high-performance purchasing and supply organizations
Objectives
By the end of this programme, participants will be able to:
* Improve their understanding of the role of contracts within a business
* Develop confidence in managing contracting issues and risks
* Design and apply purchasing and contract strategies that improve outcomes
* Optimize inventory and procurement practices for cost control and efficiency
* Build high-performance procurement functions aligned with strategic objectives
Programme Outline
Module 1: The Complete Course on Contracts Management
Day One – What Are Contracts and How Are They Created?
* The need for contractual relationships
* Ingredients and formalities for valid contracts
* Authority and agency
* The tender process and alternative sourcing
* Making contracts enforceable in international contexts
Day Two – The Structure of Contracts
* Form of Agreement and hierarchy of terms
* Traditional vs. new contractual structures
* Risk and Title transfer in international trade
* Notices and legal formalities
* Jurisdiction: Which law and which courts?
Day Three – Collateral Documents
* Securitising performance obligations
* Bonds, guarantees, and parent company guarantees
* Letters of intent, comfort, and awareness documents
* Insurance policies in contracts
* Financial security assessments
Day Four – Change and Variation
* Contractual amendments and document changes
* Assignment vs. Novation explained
* Variation clauses and scope of work changes
* Claims: causes, delay, disruption
* Force majeure implications
Day Five – Resolving Disputes
* Conflict avoidance and tiered dispute resolution
* Negotiation, litigation, arbitration
* Mediation and ENE (Early Neutral Evaluation)
* Emerging best practices in dispute resolution
* Course review and Q\&A
Module 2: World-Class Purchasing and Inventory Management
Day Six – The 1st Steps to Becoming World Class
* Stages to world-class purchasing
* Current perceptions of purchasing
* Strategic sourcing foundations
* Spend profiling and ABC analysis
* Evolving job descriptions in procurement
* Skills for future procurement professionals
Day Seven – Evaluating Your Own Operation
* Defining best practices
* Conducting a purchasing gap analysis
* Building vision and mission statements
* Creating a strategic plan for procurement
* Developing KPIs for procurement functions
* Establishing a company Purchase Price Index
Day Eight – Continuous Improvement and How to Get It
* Cost reduction initiatives and containment
* Waste elimination in the supply chain
* Breaking down supplier cost structures
* Commodity and service strategic planning
* Resisting supplier price increases
Day Nine – Supplier Management Approaches
* Supplier classification and qualification systems
* Supplier performance metrics and evaluation
* Applying performance criteria to decisions
* Process mapping to eliminate low-value activities
* Applying e-Procurement and digital tools
Day Ten – Improving the Image of Procurement
* Global sourcing strategies
* International labor rate comparisons
* Building customer-focused procurement functions
* Tackling corruption and fraud prevention
* Enhancing procurement professionalism
* Staying current in the profession
Training Methodology
This programme uses a highly interactive and practical approach, ensuring participants can apply learning directly to their roles. The methodology includes:
Instructor-led presentations to explain concepts and frameworks
Case studies and real-world examples from different industries
Workshops and group exercises to apply tools and techniques in practice
Simulation of procurement, negotiation, and inventory scenarios for hands-on experience
Peer-to-peer learning through group discussions and shared insights
Action planning sessions to help participants implement improvements in their organizations
The balance between theory and practice ensures participants leave with actionable strategies, not just concepts.
Who Should Attend
This programme is designed for professionals involved in **contracts, procurement, purchasing, and inventory management**, including:
* Procurement and Purchasing Managers, Officers, and Specialists
* Contracts Administrators, Managers, and Executives
* Inventory and Supply Chain Managers
* Logistics and Warehouse Professionals
* Project Managers involved in supplier and contract management
* Finance, Operations, and Commercial professionals who work closely with procurement
* Anyone seeking to enhance their understanding of **contracts, purchasing, and inventory optimization** as a driver of organizational performance
Enquiries and Registration
Enquiry at : admin@keleaders.com
Whatsapp: 0044 790 125 9494
For more details visit our website : www.keleaders.com
