Advanced Contract and Financial Management (L5M4) Course Overview

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.

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4,500

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Course Fee 4,500
Total Fees
4,500 (USD)
  • Live Training (Duration : 120 Hours)
  • Per Participant
  • Guaranteed-to-Run (GTR)
  • Classroom Training fee on request
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  • Live Training (Duration : 120 Hours)
  • Per Participant
  • Classroom Training fee on request

♱ Excluding VAT/GST

You can request classroom training in any city on any date by Requesting More Information

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Course Prerequisites

Prerequisites for Advanced Contract and Financial Management (L5M4)

To successfully undertake the Advanced Contract and Financial Management (L5M4) course, you should meet the following minimum prerequisites:


  • CIPS Level 4 Diploma in Procurement and Supply: Prior completion of the CIPS Level 4 Diploma in Procurement and Supply is necessary to ensure you have the foundational knowledge required for this advanced course.
  • Basic Understanding of Procurement and Supply Chain Management: Familiarity with procurement processes, supply chain fundamentals, and contract management principles will be advantageous.
  • Professional Experience: Although not mandatory, having some professional experience as a senior buyer, contract manager, or supply chain manager can provide practical insights and enhance your learning experience.

These prerequisites will help ensure you have the essential background knowledge to fully benefit from the course and apply its concepts effectively in your professional role.


Target Audience for Advanced Contract and Financial Management (L5M4)

1. Course Introduction and Relevant Target Audience


The Advanced Contract and Financial Management (L5M4) course provides senior buyers, contract, and supply chain managers with tools to enhance procurement, reduce costs, and manage supply chain complexities effectively.


2. Job Roles and Audience


  • Senior Buyers


  • Contract Managers


  • Supply Chain Managers


  • Procurement Managers


  • Vendor Managers


  • Purchasing Managers


  • Supply Chain Analysts


  • Strategic Sourcing Specialists


  • Category Managers


  • Operations Managers


  • Financial Analysts in Supply Chain


  • Logistics Managers


  • Procurement Consultants


  • Supplier Relationship Managers


  • Supply Chain Consultants


  • Risk Management Professionals in Supply Chain


  • Contract Negotiators




Learning Objectives - What you will Learn in this Advanced Contract and Financial Management (L5M4)?

Advanced Contract and Financial Management (L5M4)

This course equips senior buyers, contract, and supply chain managers with the expertise to improve organizational procurement processes. It focuses on reducing costs, improving quality and timescales, managing supply chains effectively, and addressing legal issues.

Learning Objectives and Outcomes:

  1. Understand and apply tools and techniques to measure and develop contract performance in procurement and supply.

    • Assess the use of Key Performance Indicators (KPIs) in cost, quality, delivery, and safety.
    • Evaluate methods for measuring and improving supply chain performance.
    • Examine approaches for supplier development.
    • Assess innovative measures to improve the supply chain.
  2. Understand and apply the concept of strategic sourcing.

    • Assess the market factors influencing strategic sourcing.
    • Examine sourcing options for strategic supplies of products and/or services.
    • Analyze a strategic assessment plan for key suppliers using modelling and analytical techniques.
  3. Understand and apply financial techniques that affect supply chains.

    • Analyze the impact of costs and finance on supply chains.
    • Critically assess methods for managing currency volatility in supply chains.
    • Analyze methods for managing commodity price volatility in supply chains.
  4. Analyze and apply financial and performance measures that affect the supply chain.

    • Assess

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