BSC-107     Building Your Financial Muscles in Everyday Supply Chain Management,
​                     Purchasing law, Tender & Contract Management.

• Overview
• Course Objectives
• Course Content
• For Whom
• Schedule and Hours

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Supply Chain Management, Purchasing Law, and Tender & Contract Management work together to ensure efficient, compliant, and cost-effective operations. Supply Chain Management focuses on the smooth flow of goods, services, and information from suppliers to customers, improving coordination and overall performance.

Purchasing Law provides the legal framework for procurement activities, ensuring all sourcing and supplier engagements comply with regulations, contracts, and ethical standards, while minimizing risks.

Tender and Contract Management ensures structured vendor selection through competitive bidding and effective contract administration, helping organizations secure value, monitor performance, and achieve successful outcomes.
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This two-day course is designed to empower participants with the financial acumen necessary for effective supply chain management, focusing on purchasing law, tender processes, and contract management. Participants will learn how to integrate financial principles into their supply chain activities, enabling them to make informed decisions, manage risks, and optimize costs. The course will also cover the legal aspects of procurement, including compliance with purchasing laws and best practices in tendering and contract management.

At the end of this course, participants shall be able to:

• To enhance understanding of financial principles relevant to supply chain management.
• To provide insights into purchasing laws and their implications for procurement activities.
• To equip participants with skills in managing tenders and contracts effectively.
• To develop strategies for optimizing costs and managing financial risks in supply chain operations.

• Module 1: Introduction to Financial Principles in Supply Chain Management
  
• Module 2: Understanding Purchasing Law
  
• Module 3: Financial Analysis for Supply Chain Decisions
  
• Module 4: Tender Management Processes
  
• Module 5: Contract Management Fundamentals
  
• Module 6: Risk Management in Procurement
  
• Module 7: Cost Optimization Strategies
  
• Module 8: Ethical Considerations in Procurement
  
• Module 9: Measuring Procurement Performance
  

This course is ideal for:

• Supply chain professionals and managers.
• Procurement specialists and buyers.
• Legal and compliance officers involved in purchasing.
• Anyone interested in enhancing their understanding of financial management in supply chain contexts.​

This is a ​2-days programme.
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This course runs from 9:00am – 5:00pm with an hour for lunch and periodic short breaks.
 
This is an intensive session designed to include as much discussion as possible. Lunch and breaks provide an opportunity for further questioning and discussion with the instructors.

We are HRD Corp (Human Resource Development Corporation) Registered Training Provider.
​All of our training modules are claimable under HRD Corp.