Certified Procurement Contracts Manager (CPCM)

Course Overview

We considered the value of this course from many aspects, and finally summarized it for you from two aspects: skills and knowledge, and the people who benefit from it: (Please note that our content is optimized through artificial intelligence tools and carefully reviewed by our editorial staff.) What skills and knowledge will you acquire during this course? During this Certified Procurement Contracts Manager (CPCM) course, participants will acquire the following skills and knowledge:

1. Drafting and negotiating procurement contracts: Participants will learn how to draft and negotiate optimal procurement contracts that prioritize timely product delivery and avoid contract breaches and disputes.

2. Incorporating legal considerations: Participants will understand how to incorporate legal considerations into their procurement contracts, ensuring compliance with relevant laws and regulations.

3. Contract contents: Participants will learn about the essential elements of contract contents, such as Key Performance Indicators (KPIs), Service Level Agreements (SLAs), price and schedule, and specifications on product and service delivery.

4. Types of contractual agreements: Participants will be guided on the different types of contractual agreements that are relevant to their transactions, enabling them to choose the most suitable agreement for their needs.

5. Managing legal and compliance issues: Participants will gain knowledge on how to manage legal and compliance issues that may arise during the procurement contract process, ensuring adherence to legal requirements.

6. Dispute management: Participants will learn how to effectively manage disputes and non-performance in case of contract breaches, minimizing the negative impact on the organization.

7. Establishing effective contract management practices: Participants will discover how to establish effective contract management practices to mitigate detrimental outcomes and ensure successful contract execution.

Upon completion of the program and passing the Chartered exam, participants will earn the Certified Procurement Contracts Manager (CPCM) designation. This industry-recognized designation, developed by the Chartered Institute of Professional Certifications, demonstrates professional credentials and expertise in managing effective procurement contracts. It is globally demanded and recognized, with lifelong validity and full accreditation by the Chartered Institute of Personnel and Development (CIPD), which has 160,000 membership organizations worldwide. Who will benefit from this course? The Certified Procurement Contracts Manager (CPCM) course will benefit professionals in procurement and contract management roles. This includes individuals working in procurement departments, supply chain management, contract administration, and vendor management.
Specific professions that will benefit from this course include:
1. Procurement Managers: This course will provide procurement managers with the necessary skills and knowledge to draft and negotiate optimal procurement contracts. They will learn how to prioritize timely product delivery, avoid contract breaches, and manage legal and compliance issues.
2. Contract Administrators: Contract administrators will benefit from this course by learning how to incorporate legal considerations and essential contract contents into their contracts. They will also gain insights into managing disputes and non-performance in case of contract breaches.
3. Supply Chain Managers: Supply chain managers will learn how to effectively manage procurement contracts to ensure timely product delivery and minimize contract breaches. They will also gain knowledge on different types of contractual agreements relevant to their transactions.
4. Vendor Managers: This course will equip vendor managers with the tools and techniques to draft and manage procurement contracts that safeguard them from disputes with vendors. They will learn how to establish effective contract management practices to mitigate detrimental outcomes.