Negotiating and Contracting in Procurement and Supply
About this course
Negotiating and contracting in procurement and supply is a course designed to help you understanding what happens when you are buying and selling and how that will impact your business if not properly taken care of. Creation of formalized agreements is a critical part of the work of anyone dealing with procurement and supply. This course analyses approaches to the negotiation of agreements made with external parties and the formation of legally binding contracts. After contracts have been entered into, there can be conflict over performance issues and on costs, timing and quality of supplies. This should involve negotiation to achieve required outcomes The main purpose here is to enable you Identify approaches to achieve negotiable agreements with external organizations and recognize the use of legal terms that should regulate commercial agreements
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What you'll learn
- understand the principles of procurement and supply negotiations
- create formalized agreements
- navigate legal terms in commercial agreements
- resolve performance-related conflicts
Course objectives
- enable effective negotiation with external organizations
- recognize and apply legal standards in contracts
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