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Fundamentals of Procurement

Fundamentals of Procurement

By Supply Chain Academy

5.0(6)
  • 30 Day Money Back Guarantee
  • Completion Certificate
  • 24/7 Technical Support

Highlights

  • Delivered Online or In-Person

  • You travel to organiser or they travel to you

  • Upminster

  • Full day

Description

This foundational course will help all managers better understand what a procurement function does, including the processes, tools and techniques it employs to reach its goals and how it measures its business performance.

PARTICIPANTS WILL LEARN HOW TO:

  • Explain the contribution of procurement to the overall business objectives.

  • Explain the added value that can be obtained by a business when it manages its procurement activities efficiently and effectively.

  • Understand the complex activity of procurement and the challenges it presents for risk management.

  • Develop good quality procurement practices that will manage the expectations of all stakeholders

  • Identify methods by which a procurement function can be measured and performance monitored.

  • Perform contract management activities.

  • Understand ways in which improvements might be identified and implemented.

COURSE TOPICS INCLUDE:

  • Procurement and business objectives

  • Stakeholder Management

  • Commercial Specifications

  • Whole Life Costing

  • Targeted procurement

  • Procurement planning

  • Supplier Appraisal and selection

  • RFQ & ITT & Evaluation

  • Contract Management

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