Contracts for Procurement Professionals

Learn the key components of a purchase agreement and how to navigate supplier edits

Supplier relationships are a critical aspect of any procurement function, and contracts are central to those relationships functioning well. A supplier contract, if constructed and understood well, can help create value, build connection and trust, and manage risk.

Training outcomes

• Identify key provisions and sources of risk in purchase contracts.
• Review supplier markups to identify the effect of each edit.
• Navigate internal organizational protocols for how to respond to supplier edits.

"Praktio has helped us truly elevate our contracting capability. This course addresses core competencies for any procurement specialist. I would challenge any procurement specialist at any company to take the course and not learn something new.

If you want to hone your department's procurement skills, reduce reliance on legal and build contracting expertise, all while working with a team of cooperative, talented people who listen, tailor to your organisation's needs, and bring best-in-class outside knowledge, then Praktio is for you.”

Izzy Khan Director of Strategy & Delivery, Corporate Services GlaxoSmithKline