The Ever-Expanding Realm of Contract and in Outsourcing Driven Modern Business Organised byAbout the IIMM The Indian Institute of Materials Management (IIMM) has emerged as an All India Professional Body in the year 1975 with merger of three professional associations, the National Association of Materials Management, the Materials Management Association of India and the Materials Management Association of Hyderabad and is recognized as a Professional Body by Indian Society for Technical Education (ISTE)abody user Govt. of India Ministry of HRD. The Institute represents a wide spectrum of professionals engaged in various facets of materials management, through its wide network of 52 branches & 19 chapters spread over the length & breath of the country. IIMM is dedicated to the profession of materials management through its multifarious activities including various Education Courses, Executive Development programs, Seminars, Workshops, In- house Training Programs & Consultancy. To have an effective global interaction on the subject. IIMM is a Charter Memberof International Federation of Purchasing and Supply Management (IFPSM), having its registered office at Bristol, UK which has 43 country association as its members. The institute has established its Research Centre “Center for Research in Materials Management (CRIMM)” in association with “Techno India University” at Kolkata. The Institute is also registered under the Societies Registration Act (XXI of 1860) and the Bombay Public Trust ‘Act 1950. IIMM’s Objectives * To secure a wide recognition of and promote the importance of efficient Materials Management in commercial and industrial undertakings. * To Safeguard and elevate the professional status of individuals engaged in the Materials Management function. * To constantly impart advanced professional knowledge and thus improve the skills of the Persons engaged in the Materials Management function. : yo prepa jate and promote among the members strict adherence to IIMM Code of Conduct and Ethics. jission Statement * To promote professional excellence in Material Management towards national prosperity through sustainable development. National Executive Committee (NEC) + To activities of IMM are governed by the NEC (Refer Board of Studies) Board of Studies + The Educational activities of the Institute are controlled by Board of Studies. The Board consists of eminent academicians, professionals with vast knowledge and experience in various facets of Management. The Board is responsible for all matters related to curriculum, educational delivery system, teaching-methodology, assessment procedures, and matters relating to education. urses + IMM offers various courses, notable among these are, Graduate Diploma in Materials Management (GDMM), Post Graduate Diploma in Materials Management (PGDMM), Post Graduate Diploma in Supply Chain Management and Logistics (PGDSCM/L), One Year Diploma in Materials Management and Logistic Management (DMLM) Placement: IMM, Kolkata has a full-fledged Placement Assistance Cell, Reasonable assistance is extended to deserving candidates based on vacancies in various industries.About the Seminar Businesses in the modern age happen through domestic and international contracts. Contracts can be public or private; contracts can apply to the consumer or apply on B2B basis; for sale or service; short term or long term; vertical or horizontal; and online or offline. Any corporate entity or government undertaking has hundreds of vendors (raw materials, components, assemblies, transportation, services), importers, partners, and service providers, it contracts with. A business entity contracts with business partners, associates, channel partners/distributors, maintenance agencies and exporters for selling its goods and services. The Government on the other hand is involved in development work including roads, highways, bridges, electricity generation and distribution, telecommunications, airports, mines and minerals, and railways through tender and award of contracts. In contracting, several practices are converging. One, the businesses are now marked by specialization, outsourcing and integration. This has led to a business entity getting into numerous and different kinds of contracts. Managers are mostly managing contracts. Two, for each kind of business activity, standard contract terms have emerged often referred as the General Conditions of Contract. This has affected efficiencies by reducing the transaction costs but also led to 'take-it-or-leave it' approach to business. Three, the electronic medium has greatly facilitated contracting through assorted means: emails, online platforms, e- stores, e-auction alongside e-tender. Four, computer software too is automating contracting itself between business partners. On the flip side, the digital medium, however, has also exponentially increased the risk and liabilities arising from unintended slip-ups. With the expansion of stakeholders, the success of a business today depends to a large extent on the capacity of its executives to resourcefully plan and perform contracts. This brings about efficiencies, augments quality, accelerates projects, and saves resources. On the other hand, contract failures lead to financial losses, delays and disruption of work, initiation of arbitration and litigation, loss of reputation, and other direct and consequential losses. IIMM’s one-day seminar shall in reasonable depth probe the ever-expanding gamut of contract and contract management in light of its ever-increasing application in the modern business scene driven by models like outsourcing. Topics to be Covered : Technical Session- | * Meaning of Contract & Elements Of Contract * Importance of Contract in Business *° Basic Concepts of Contract * Features & Elements of Legally Enforceable Contract * Identifying contracting objectives & effective contract developmentTechnical Session II (Contract Management) * Contract Management - Basic Concepts * Contract Process: Pre, In-Process & Post Contract Award + Contract Life-Cycle Management + Best Practices Sharing + Key Challenges of Contract Management. Technical Session- III (Contract Closure - Risks - Risk Mitigation-Disputes & Its Resolution — Conclusion) * Contract Closure- WIN_WIN + Assessing Performance - Shortfalls + Assessing Risks - Value Analysis + Areas of Disputes - Negotiations to Resolve Risks + Arbitration to Resolve Disputes + Case Studies — Interactions Technical Session IV + Motivation Who should Participate : Practitioners Associated with Contrac and Contract Management (All Industries) verticals, Logistics sector ( 2PL, 3PL & 4 PL) Students, Consultants, Academicians etc. ees General Rs.2000/- per participant including GST Students: Rs.1500/- per student including GST Registration : Beneficiary Name: Indian institute of Materials Management Bank Name: Indian Bank SB. A/C No. 20087052459, MICR No: 700019053, IFSC No: IDIBOOOASO1 LAST DATE FOR REGISTRATION : 29th February, 2024 SCOPE FOR SPONSORSHIP Gold Sponsorship: Rs.75000 + GST (8 Delegates Free) Silver Sponsorship:- Rs. 50000 + GST (5 Delegates Free) Bronze Sponsorship:- Rs.25000 + GST (2 Delegates Free) Contact No. 9830088052/9748445932/9830148218 TENTATIVE PROGRAM 9.00 a.m. — Registration 9.30 a.m Seminar Chair invites Chairman, IIMM, Kolkata Branch; Welcome Address—Chairman, IIMM Kolkata 9.40 a.m. Theme Initiation — Chair, Seminar Committee 9.50 am. Theme Deliberation — Co-Chair, Seminar Committee 10.00 a.m. Technical Session 1 11.15 a.m. Tea Break 11.30 a.m. - Technical Session 2 12.45 p.m. - Lunch Break 1.45. p.m. - Technical Session 3 3.00 pm. : Q & Answer Session 3.30 pm. : Tea Break 3.45 p.m. : Technical Session 4 4. 45 p.m. : Motivational Session 5.00 pm. : Closing / Vote of Thanks 4