Master in Procurement and Contract Management - UniAthena
Procurement and Contract Management:
Procurement and Contract Management refers to acquiring and developing strong and mutually beneficial business relationships. These relationships are cultivated with vendors, producers, suppliers, customers, etc. It also includes the development and implementation of a contract between all involved parties.
This is one of the most critical functions every business must handle with care and caution. The manner in which Professionals handle their organization’s procurement and contract management could be the difference between success and failure. Here are a few ways to ensure that the company’s procurement contract management efforts are fruitful:
1. Open Communication: It is crucial for company owners and procurement professionals to keep an open line of communication with the involved parties. Transparency is crucial and goes a long way in retaining business relationships.
2. Negotiation in Good Faith: Procurement Contract Management requires that the negotiations be mutually beneficial and conducted in good faith. This also contributes to a long-lasting and healthy partnership.
3. Stick to Stipulations: For any contractual relationship to be productive, it is imperative that all involved parties stick to their respective roles and responsibilities. Not doing so can result in the dissolution of the contractual relationship or even legal ramifications.
Ready to explore the lucrative and influential world of Procurement & Contract Management? Still looking for the ideal contract management certification programs online? We have just the upskilling opportunity to elevate your skills! UniAthena’s Master in Procurement and Contract Management is what you are looking for. This 60 ECT program from GMU Italy comes with 100% Online Delivery, Flexible Learning Durations, and Dual Certification. You will also benefit from our ‘Pay-As-You-Go’ tuition plans and Personal Tutor Support. Sign up for a free 7-day trial and see how this course can elevate your professional standing.
Source: https://www.crowncommercial.gov.uk/news/effective-contract-managementprocurement-
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