Program Details

Type: Group-Paced

Cost: $3,125

Duration: 10 months

Location: Online

Procurement & Contracts Management

Learn to maximize operational and financial performance

Procurement and contracts form the basis for business in a contemporary workplace. As organizations and businesses work together, agreements must be met to ensure everyone's interests are served and protected. However, contract management can be a challenge. That's why our procurement and contract management certificate is designed to give you a strong foundation in the essentials of contract management so you have the knowledge needed to manage contracts effectively.

In our five-course online certificate, you will learn how to navigate core areas of contracts, including contract formation, negotiation, financial analysis and risk management. Those who administer contracts but have little industry training will gain a newfound sense of knowledge and authority. Supervisors, managers and administrators will learn about the contracting process and advance their skill set. Everyone will benefit from the comprehensive coursework that covers cutting-edge details around commercial, government and international contracts.

 

Required courses for certificate

Courses may be taken individually and in any order unless otherwise noted. If pursuing the certificate, all courses in the certificate program must be completed with a C/pass or better.

Why take this program?

After successful completion of this program, you will be able to:

  • Understand the fundamental principles and processes involved in contract management, including contract formation, negotiation, financial analysis, and risk management.
  • Develop the skills necessary to effectively administer contracts, ensuring compliance and maximizing value for all parties involved.
  • Gain confidence and authority in managing contracts through comprehensive coursework, tailored to individuals with varying levels of experience, from those new to contract administration to seasoned supervisors and managers.
  • Acquire specialized knowledge in commercial, government, and international contracts, enabling you to navigate diverse contract scenarios and environments with proficiency and agility.

 

Program benefits

The procurement & contracts management certificate program provides individuals with the specialized knowledge, skills and practical experience necessary to excel in procurement and contract management roles. It enhances career prospects, contributes to organizational success and enables professionals to make informed decisions that optimize procurement processes and contract outcomes.

Types of positions in procurement & contract management:

  • Contract Manager or Negotiator
  • Purchasing Manager
  • Procurement Specialist/Officer
  • Contract Administrator
  • Sourcing Manager
  • Vendor Manager
  • Supply Chain Manager
  • Contracts and Compliance Manager

 

Career insight for a procurement manager

Procurement managers play a vital role in optimizing procurement activities, managing supplier relationships and contributing to cost savings and operational efficiency. With an average annual salary of $104,985, procurement managers manage the end-to-end procurement process, including sourcing, request for proposals (RFPs), vendor selection, contracting and supplier performance evaluation.

Source: Indeed, 2023