Description
COURSE OVERVIEW
The subject of Contract Management deals with a process or activities that are characteristics of and essential to community life- the making of bargains and consensual transactions for the fulfillment of day-to-day requirements. Contracts are made by people every day, whether parties recognize it or not.
In this course, we will focus by providing an understanding of what Contract Management is to the Emerging Global Contract Management issues that enhance service levels in Contracts. Specifically, we will discuss the Phases of Contract Management and why these phases are important in the administration of a Contract.
Further, we will look at the types of Contracts and how each type impacts the Supplier-Buyer relationship.
Although it is impossible to cover all potential situations where a specific contract should be applied, the rules of thumb developed here should provide a reasonable set of guidelines. As a final point, it is interesting to note that many organizations are eliminating contracts altogether and are choosing to do business with suppliers on an informal basis.
This type of arrangement requires the development of excellent supplier relationships and trust between the parties. It is highly unlikely, however, that contracts between buyers and sellers will ever disappear.
The course uses a hands-on approach for students to model and appreciate the elements of any valid contracts, the uniqueness of every Contract and the “Golden Rules” that can be adhered to in Contract Management.
LEARNING OUTCOMES
On completion of this course, student will be able to:
- Demonstrate knowledge of contract management for pharmaceuticals
- Demonstrate knowledge in the key components of contract management & contract planning
- Demonstrate the processes and strategic options available at the termination of a contract
- Demonstrate skills in understanding of service level contracts
There are no reviews yet.