Advanced Contract and Financial Management (L5M4) Course Overview

Overview of Advanced Contract and Financial Management (L5M4) Course

The Advanced Contract and Financial Management (L5M4) course is designed for senior buyers, contract, and supply chain managers aiming to enhance their skills in procurement and Organizational management. With a commitment of 120 hours and a CIPS Level 4 Diploma prerequisite, this course equips professionals with the knowledge to effectively reduce costs, improve quality, manage supply chains, and address legal concerns.

Learning Objectives:
- Understand and apply tools and techniques for measuring and improving contract performance.
- Grasp the concept of Strategic sourcing and evaluate market factors.
- Analyze the impact of financial techniques on supply chains.
- Apply financial and performance measures to optimize supply chains.

Practical Application:
Participants will learn to use KPIs, assess Supplier innovation, and integrate e-systems. The course covers Strategic sourcing, financial impacts on supply chains, and methods for managing currency and commodity volatility. Attendees will also utilize Benchmarking techniques to measure and enhance supply chain performance.