Procurement Processes Basics Course

What a Course Covers

• Procurement Lifecycle: A step-by-step understanding of the entire process, from need identification to contract close-out and lessons learned.
• Key Activities: Training on crucial tasks such as:
  • Planning: Creating a procurement plan that details what needs to be acquired, budget, and timelines.
  • Sourcing: Identifying and selecting appropriate suppliers and vendors.
  • Negotiation: Securing favorable contract terms and conditions.
  • Contract Management: Administering and monitoring contracts to ensure performance.
• Strategic Concepts: Insights into:
  • Supply Chain Management: Understanding procurement’s role within the broader supply chain.
  • Supplier Relationship Management: Building and maintaining strong partnerships with suppliers.
  • Cost Management: Techniques to optimize costs and achieve value for money.
• Essential Skills: Development of skills in areas like:
  • Risk Management: Assessing and mitigating potential risks in the procurement process.
  • Quality Management: Ensuring the quality of acquired goods and services.
  • Ethics and Compliance: Adhering to ethical standards and regulatory requirements.