Overview
Understand the Role of Contracts in Business Relationships., Identify the Stages of the Contract Lifecycle., Draft and Interpret Contractual Terms and Conditions., Evaluate Supplier Capabilities and Risks., Manage Supplier Performance and Relationships., Apply Procurement and Contracting Strategies., Ensure Legal and Ethical Compliance in Contracting., Handle Contract Amendments and Disputes., Use Technology in Contract and Supplier Management., Develop Actionable Supplier Management Plans.
Procurement and Supply Chain Professionals., Contract Managers and Administrators., Project and Program Managers., Operations and Logistics Personnel., Business Owners and Entrepreneurs., Legal and Compliance Officers., Students and Career Changers, Accountants and Accounting Students., Finance Managers and Finance Officers.
Basic Business Knowledge, Basic Microsoft Office Knowledge, Passion to Learn Business
Contracts and Suppliers Management plays a vital role in ensuring that businesses operate efficiently, cost-effectively, and with minimized risk. At its core, this discipline focuses on the planning, creation, negotiation, and execution of contracts that define the relationships between businesses and their suppliers. A well-drafted contract provides clarity on the scope of work, timelines, deliverables, pricing, and legal obligations, making it a fundamental tool for avoiding misunderstandings and disputes.
Effective supplier management involves more than simply choosing vendors based on price. It includes evaluating supplier capabilities, assessing performance, ensuring compliance with service level agreements (SLAs), and fostering long-term relationships that can lead to innovation and continuous improvement. Strategic supplier partnerships can provide competitive advantages through improved quality, faster delivery, and better risk management.
A strong contract lifecycle management (CLM) system is key to handling contracts efficiently from initiation to close-out. It helps organizations track important milestones, manage renewals and terminations, and stay compliant with regulatory requirements. Digital tools and platforms are increasingly being used to automate parts of the CLM process, improving accuracy, transparency, and access to real-time data across departments.
Lastly, managing risks is a critical component of contracts and supplier management. Businesses must anticipate potential risks—such as delivery delays, cost overruns, or non-compliance—and include mitigation strategies in their contracts. Regular supplier audits, performance reviews, and open communication channels contribute to more resilient supply chains and stronger contractual relationships.
Sameh Elsayed
Sam is a Financial & Business Expert with more than 20 years of practical experience in Finance, Accounting, Business, Management, Coaching, and Training. Sam is not just a Chartered Certified Accountant (FCCA) but a visionary financial mentor with a wealth of expertise. Holding a Master's degree with upper merit in Professional Accountancy from University College London, UCL, combines academic rigor with real-world experience to offer a transformative learning journey to students and mentees. Being a chartered certified Accountant, Sam is required to declare continuous practical development units (CPD) every year; that assures you that he is always up to date with his profession.
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With over 20 years of hands-on experience in financial management, auditing, and strategic planning, Sameh brings a unique blend of theoretical knowledge and practical insights to the classroom. Having worked with renowned corporations and consulted for diverse businesses, Sameh understands the intricacies of financial systems and the dynamics of economic landscapes.
As an instructor, Sameh believes in fostering a dynamic learning environment where theory meets practice. Through engaging lectures, interactive workshops, and case studies drawn from actual industry scenarios, he empowered his students to bridge the gap between classroom concepts and real-world applications.
Sameh is too much passionate about teaching, coaching and mentoring students. When you do something that you are passionate about, that passion would take you far away and distance you from the crowd. Sam can't wait to start helping you achieve your goals, ace Accounting & Finance, and land your dream job.
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Students' testimonials:
Sam's students come from all over the world, 5 continents, 182 countries with multiple backgrounds and he enjoys communicating with them on a daily basis. Please have a look at what they say about Sam's courses:
This course has been fantastic! The instructor, SAMEH ELSAYED , does a wonderful job of explaining complex topics in a way that's easy to understand. They provide clear and concise explanations, with helpful examples that really solidify the concepts.
Aman
Dear Excellent Professor of Knowledge, Greetings from the Philippines. I would like to comment about your course. Udemy has consistently proven to be a reliable platform for online learning, and my recent experience with your course has only reinforced my confidence in the quality of education it provides.
Fernan Torreno
Because Sam is the best lecturer I ever come across of, his teachings has changed my life and the way of thinking on how to merger with another company. this course is the best. how I have more knowledge and skills. Sam thanks for being supportive and with the beautiful lecturer. God bless you.
Mary Medi
Thank you for an educating course, it was a great time.
Joseph Nyatse
The further I get into this course, the better it gets.
Grace Pyne
Really well-planned course and easily understood. It answered many questions that I used to have. Thank you sir.
Shaymaa Medhat
Good speaker and easy to understand all of the categories of course like types of mergers and acquisitions and so on.
Mahmoud Badr
Excellent course. Love the enthusiasm shown by the instructor in this course. While application of knowledge gained from this course will vary from jurisdictions and professional fields, this course coupled with some competitive literature on M&A could be exactly what's needed to gain understanding and develop a sense of expertise in the subject.
Yashraj Chauhan
It's a wonderful course and a good fit for anyone with a basic Company Law background.
Chirag Basu
It was a great course. Loved the case studies cited. I was able to understand the concepts easily.
Padmakshi Sharma
great.
Adyanshi Kashyap
Great course simplified the concepts of Risk Management after I thought it's a very complicated topic.
CHAKER Jemli
very well planned course.
Pooja Gawai
Excellent course. It’s an eye-opener about the enterprise risks and ways of treatments. Thanks a lot sir.
Ahmed Emara
Generally, the tutor made it simple, bite-size lecture made it easy to digest.
Rebekah
Yes It Was. An Eye Opener. Revealing. It Should Be Recommended To All Managers In All Organization. This Risk Management Should Be Practice To Gain Global Acceptance Into The Architecture Of Any Organization Rather Than Just An Integral Management System.
Akhaba Raphael Omokhagbo
Really very easy to understand thanks sir.
Attia Elsayed
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Sameh's passion for education extends beyond traditional boundaries. With a keen focus on personalized mentoring, he guides aspiring professionals on their career paths, offering valuable advice and industry connections. His commitment to student success is reflected in his track record of nurturing talent and helping individuals achieve their full potential.
Whether you're a budding accountant, an aspiring financial analyst, or a business enthusiast seeking to master accounting, business, or financial strategies, Sameh is your trusted guide on the journey to financial excellence. Join him today and unlock the secrets to financial & accounting acumen and professional success.