8/12/2019 PG Diploma in Procurement & Contracts Management Brochure

1/4

PG Diploma in Procurement &Contracts Management

www.mywestford.com

8/12/2019 PG Diploma in Procurement & Contracts Management Brochure

2/4

This PG Qualification helps professionals or senior managers in organizations working in theUAE, GCC, and other regions. This course will cover the basic fundamentals of procurement andcontracts management in an organization. The course covers an overview of procurementmanagement, as well as how good strategies can help improve an organizations Supply Chain,leading to business performance. It is imperative for a Procurement Manager to understand thefundamentals of procurement & contracts, as well as understand the procurement strategiesadopted world-wide, including how these benefit an enterprise. The course contents helps inunderstanding how to effectively strategize as well as efficiently manage procurement &contracts in an organization.

PG DIPLOMA IN PROCUREMENT &CONTRACTS MANAGEMENT

Postgraduate Diploma in Procurement andContracts Management is certified by ABP(Association of Business Practitioners), which is anot-for-profit professional awarding body from UK.

DELIVERY AND ASSESSMENT

Westford delivers the course through different modes such as onsite, blended and distancemode using the state-of-the-art, live, interactive virtual platform.

Delivery would engage students in their learning by using a range of teaching and learningtechniques that accommodate different learning styles, including presentations, case studies,simulations, professional discussions, group activities, visits, guest speakers and independent

research. Assessment will use vocationally relevant methods that require students to adopt arealistic work role and produce work in the formats that are expected in business. Examinationsand assignments that use a range of assessment methods will be used. Case studies, problemsand examples used in assessments need to be current and have the requisite range of issues forstudents to consider at this level of study. Students would be able to apply their understandingof theory to their investigations and to their proposed solutions to problems.

LEARNING OUTCOMES

1. Fundamental concept & effectiveness of procurement process in acommercial environment.

2. Understand the value addition of procurement to business.3. Development of procurement strategies, improved working relationships with

contractors & suppliers.4. Understand the process of contracts.5. Role of contracts in adding value & security to the business.The learning outcomes describe the abilities that learners will possess after they havecompleted the course.

8/12/2019 PG Diploma in Procurement & Contracts Management Brochure

3/4

Procurement is the overarching function that describes the activities and processes toacquire goods and services. Importantly, and distinct from purchasing, procurementinvolves the activities involved in establishing fundamental requirements, sourcingactivities such as market research and vendor evaluation and negotiation ofcontracts.It can also include the purchasing activities required to order and receive goods

KEY FACTS

Qualification

Awarding Body

Course Duration

Post Graduate Diploma in Procurement and Contracts Management

Association of Business Practitioners, UK10 weeks

COURSE CONTENTS

Purchasing and types of purchasing

Purchasing through the years, purchasing cycle, preparation of purchase specifications

(Enquiry stage, purchase order stage), RFP, RFQ,, types of supplier relationship in purchasing.

Concept of Procurement.

Role of shipping and freight forwarding in procurement management.

Strategic procurement

2 Bin system, outsourcing, methodologies of outsourcing, global sourcing

JIT system, Inventory management, EOQ, DOQ, VMI(Vendor managed inventory)

Negotiation and role of negotiation strategies in procurement, EDI, ERP.

Supplier selection and evaluation.

LOI, MOU's, Contract Philosophy, Types of contracts, Objectives of contract,

Components of a Contract, contract law.

Importance of standard legal terms and conditions in purchase orders / contracts

Standard terms and conditions of Purchase Order

Legal vetting of contracts

Bid analysis and contract development

Contract renewal or extension

Approval of contracts

Role of Arbitration and Mediation in contracts

Breach of Contracts.

8/12/2019 PG Diploma in Procurement & Contracts Management Brochure

4/4

Westford School of Management FZ LLC

UAE

INDIA

Call: +91 8086 000 111

Call: +971 52 9263000

For more information please email toinfo@westford.org.uk

www.mywestford.com

Westford School of Management brings to you anopportunity to get certified in Procurement andContracts Management, delivered using innovativemethodology to suit busy work schedules ofworking professionals.

WESTFORD ADVANTAGE

Globally Recognized

Weekend/ Evening Classes

Online and Onsite Classes

Industry Expert Tutors

Real Life Case Study and Assignments

Fully Equipped Class Rooms