Short course
Procurement and Contract Management
This workshop provides a practical and comprehensive understanding of procurement and contract management in today's business environment.
12 hours4 sessions, 9:00am to 12:00pm
Onlinevia Zoom
Overview
About this course.
This workshop provides a practical and comprehensive understanding of procurement and contract management in today's business environment. Designed for professionals involved in purchasing, project execution, supplier management, and contracting activities, it equips participants with the knowledge and tools needed to manage procurement processes effectively and deliver successful contract outcomes.
Participants will explore the full procurement lifecycle, from identifying organizational needs and developing procurement strategies to supplier selection, contract award, administration, and contract closeout. The programme also examines key areas such as tendering, bid evaluation, negotiation, contract development, performance monitoring, and risk management.
Through a blend of best practices, real-world examples, and practical application, participants will develop the skills to improve procurement performance, strengthen contractual relationships, mitigate risks, and support organizational objectives. Upon completion, participants will be better prepared to make informed procurement decisions and manage contracts with greater confidence and effectiveness.
Next intake
Confirmed dates for every course are published on our upcoming intakes page. The Executive Education team will confirm the next intake for this one on enquiry.
Bringing a team? We also run this in-company.
Curriculum
What you will be able to do.
- To ensure that participants understand the increasingly important roles of procurement and contract management in organisations.
- To familiarise participants with the procurement cycle and the contract management cycle.
- To outline the principles and explain the tools and strategic approaches for effective procurement and contract management.
- To discuss the stages of contract management and examine the key requirements in each stage to ensure the achievement of procurement and contracting goals
- To understand the importance, need and approaches to stakeholder management in the procurement contract process.
- To identify the risks associated with procurement and contracts and explore the various risk management strategies.
- To examine the impact of digitalization on procurement and contract management and to gain insights into the future of procurement and contract management.
Pre-requisites
What do you need.
No formal prerequisites are required. Participants should have an interest in or responsibility for Procurement & Contracts within their organisation.
Audience
Who it is for.
This programme would be beneficial to:
- Procurement managers, category managers, contract managers and officers
- Personnel from finance, legal and audit
- Technical and professional personnel who have roles in the process as users, contract managers, bid evaluators, etc.
- Entrepreneurs, contractors and consultants
Faculty
Who teaches this.
Mr. Vernon Henry
With over 35 years of comprehensive experience in procurement and contracts management, Vernon Henry has consistently excelled in roles at both management and senior management levels. His diverse expertise spans heavy and light manufacturing, construction, petrochemicals, logistics, and financial services. Throughout his career, Henry has held key positions such as Senior Manager in Procurement, Senior Manager in Material Management, Supply Chain Manager, Logistics Manager, and Procurement Manager. His skill set encompasses a wide array of areas, including Procurement, Logistics, Supply Chain Management, Warehousing and Inventory Management, Contract Management, Contract Negotiations, Marketing, Strategic Management, Customer Service, and Project Management.
Educationally, Henry holds a B.Sc. in Management Studies and a Diploma in Public Administration from the University of the West Indies (St. Augustine). He furthered his academic pursuits by obtaining an MBA from Andrews University, USA, and a Postgraduate Certificate in Higher Education from Greenwich University, UK. His professional certifications include being recognized in procurement and supply by the Chartered Institute of Procurement (MCIPS) and in Supply Chain Management by the International Trade Centre (SCM-ITC).
Vernon Henry's commitment to education is evident through his role as an adjunct lecturer at the Lok Jack Global School of Business. He has also contributed his expertise to the CIPS program for over 20 years, further solidifying his dedication to advancing knowledge and skills in the field. Henry's extensive experience, coupled with his academic achievements and commitment to education, positions him as a distinguished professional in procurement and contracts management.
Details
Delivery and Fee.
| Structure | 12 hours over 4 sessions, 9:00am to 12:00pm |
|---|---|
| Delivery | Online via Zoom |
| Fee | TTD $3,500 or USD $515 per participant, inclusive of all training materials and a Certificate of Completion |
| Certification | Requires tuition paid in full and a minimum 75% attendance rate |
Fees and structure are those on the current course outline. Confirmed dates for every course are on our upcoming intakes page; the Executive Education team confirms the next intake on enquiry.
How we teach
Learning you can apply on Monday.
Our teaching approach incorporates syndicate learning, case studies, regular assessments and immersion in real-life industry projects. Assessment varies by course, combining assignments, tests and participation.
Register your interest.
Tell us about your role and we will confirm the next intake, fee and format.
(868) 299-0218 ext. 9100 · openenrolment@lokjackgsb.edu.tt