Contract Management in Procurement

Master the Art of Managing Procurement Contracts with Confidence

Struggling to manage supplier contracts, renewals, and compliance across your organization?
This Contract Management in Procurement Course from SCMDOJO gives you the skills and tools to effectively create, manage, and optimize supplier contracts — ensuring alignment, accountability, and performance across your procurement operations.

You’ll gain practical knowledge in drafting, negotiating, monitoring, and enforcing procurement contracts that protect your organization’s interests and build stronger supplier relationships.

What You’ll Learn in This Contract Management in Procurement Course

This course takes you through every stage of the procurement contract lifecycle, from drafting and negotiation to execution and performance management.

Key Learning Outcomes:

• Understand core principles of contract management in procurement

• Learn how to draft and interpret procurement contracts

• Identify and manage key contract clauses, SLAs, and KPIs

• Develop effective supplier contract review and audit processes

• Strengthen risk management and compliance through better contracts

• Improve communication between procurement and legal teams

By the end of this course, you’ll confidently manage supplier contracts that deliver results, minimize risks, and support long-term procurement excellence.

Why Contract Management Matters in Procurement

Effective contract management ensures that procurement agreements translate into real performance — not just paperwork.

Modern supply chains face complex risks, fluctuating markets, and evolving compliance demands.
Having a structured approach to contract management in procurement ensures:

• Reduced supplier and legal risks

• Improved cost savings through better terms

• Enhanced supplier performance and accountability

• Stronger compliance and transparency

• Better business relationships based on clarity and fairness

Contracts are not just documents — they are strategic tools for delivering business value.

Why Learn with Maryna Trepova:

Chief Executive Officer – IPSM – International Procurement & Supply Management

Based in Ukraine, Maryna is a procurement expert focused on providing consulting training. Maryna has:

• 5 years of experience in training and consulting
• 10 years of experience in purchasing and procurement, tobacco market in particular;
• Deep knowledge of procurement, sourcing, vendor management and category management in different categories.
• Provide different consulting projects in procurement and purchasing
• Proven experience in the negotiation process;
• Strong organization and communication skills, analytical abilities, and strategic thinking;
• Speaker at the different conferences and round tables in Ukraine and other countries.
• Public figure and volunteer in public procurement reforming

Who Should Enroll in This Procurement Contract Management Course?

This course is ideal for professionals who negotiate, manage, or oversee supplier contracts and want to strengthen their commercial and legal understanding of procurement.

Perfect For:

• Procurement Professionals: Improve contract creation, management, and compliance

• Contract Managers & Buyers: Learn to mitigate risks and enhance supplier accountability

• Business Owners & Managers: Ensure supplier contracts deliver measurable value

• Legal & Compliance Teams: Strengthen collaboration with procurement

Suitable for the following roles:

• Entry-Level: Procurement Assistant, Procurement Coordinator, Purchasing Clerk, Sourcing Specialist
• Mid-Level: Procurement Specialist, Sourcing Analyst, Contract Specialist, Supplier Relationship Manager, Operational Buyer, Buyer, Inventory Controller
• Senior-Level: Senior Procurement Specialist, Senior Sourcing Analyst, Lead Buyer, Procurement Manager, Category Manager, Strategic Sourcing Manager, Commodity Manager, Regional Commodity Manager
• Executive-Level: Director of Procurement, Chief Procurement Officer (CPO)
• Specialized Titles: Commodity Manager, Global Sourcing Manager, Indirect Procurement Manager, E-Procurement Manager

Requirements

• Access to Internet
• Computer / Laptop / Mobile Device

What Is Included in Contract Management in Procurement Course?

• Immediate unlimited access to course materials
• 30-day money-back guarantee
• Exercises and quizzes to help you put theory into practice
• English Closed Captions
• Full transcripts in PDF for each lesson
• Suitable for mobile or desktop
• SCMDOJO Certification when you pass the course quiz (accessible from Learning Center post-sign-in)

What Is Contract Management in Procurement?

Contract Management in Procurement refers to the structured process of drafting, executing, and monitoring supplier contracts to ensure obligations are met and performance goals are achieved.

It involves:

• Setting clear terms and conditions

• Managing performance KPIs and SLAs

• Conducting regular reviews and audits

• Mitigating risks and compliance gaps

By mastering these skills, procurement professionals can ensure that contracts are more than formalities — they become strategic instruments for driving organizational efficiency and supplier success.

Learn what is contract logistics here!

Frequently Asked Questions

FAQ 1: What are the key stages of Contract Management in Procurement?

Answer: Contract Management in Procurement involves contract drafting, negotiation, execution, performance monitoring, and contract renewal.

FAQ 2: What are the benefits of effective Contract Management in Procurement?

Answer: Effective Contract Management in Procurement reduces risks, ensures compliance, and improves supplier relationships.

FAQ 3: What are the challenges of managing contracts effectively?

Answer: Challenges of managing contracts effectively include ensuring compliance with legal and regulatory requirements, managing contract amendments, and mitigating potential disputes.

FAQ 4: How can technology assist in Contract Management?

Answer: Technology assists in Contract Management through contract lifecycle management (CLM) software, which automates tasks, tracks key dates, and facilitates collaboration.

FAQ 5: Key performance indicators (KPIs) for successful Contract Management?

Answer: Key performance indicators (KPIs) for successful Contract Management include contract compliance rates, renewal rates, and the number of contract disputes.