Course description
Procurement Essentials
Starting out in procurement or refreshing your procurement skills after a break, means getting to grips with the "Essentials" of the topic. This course is ideal for that purpose. The course examines how corporate procurement takes place – usually on a competitive footing, but sometimes by placing direct orders with a supplier. The course will unpick the advantages and disadvantages of competitive procurement, and looks at who does what and when they do it. It will also walk through the key steps in the procurement process and examine examples of procurement documents, such as the Statement of Requirement (also known as the Scope of Work).
The course will wrap with a summary of the key learning points, followed by an action planning exercise with a view to apply the acquired knowledge and skills immediately upon your return to work. Post-course support is also available in relation to the implementation of your action plan, up to six (6) months following course completion.
Upcoming start dates
Suitability - Who should attend?
Target Audience
This course is suitable for:
- Procurement Officers, analysts and managers.
- Contract Engineers and analysts.
- Quantity Surveyors
- Commercial advisers
- Procurement team members
- General managers
- Executives tasked with managing contracts.
- Contract Administrators
- Anyone who wishes to have a good understanding and involvement in purchasing activities.
Outcome / Qualification etc.
Learning Outcomes
Upon completion of this course, you will have an excellent grasp of the essentials of procurement processes and the justification for adopting one approach versus another. This will include:
- Selecting the best procurement strategy for your transaction, in the public or private sector.
- Writing the Statement of Requirement / Scope of Work.
- Learning how to attract potential suppliers, pre-qualify them for suitability and make a selection.
- Working with bids and tenders documentation.
- Considered “What good procurement looks like”.
- An Action Plan to be implemented at your workplace using the knowledge and skills acquired through the course.
Training Course Content
Fundamentals of Procurement
- The role of the Procurement Function
- Material requirements planning
- Public procurement and private procurement compared
Global Procurement Processes
- Competitive and non-competitive purchasing
- Bids and Tenders documentation
- Managing an open and transparent process
- Avoiding mistakes that could cancel the procurement
Procurement Sourcing
- Writing the Statement of Requirement / Scope of Work
- Supplier Sourcing
- Working with approved suppliers
- Prequalification
- Highlights of tender evaluation
E-Procurement
- Benefits of automated procurement systems
- Alternative approaches and suppliers
- e-Auctions
- Extending the purchasing activities into contract management
Course Review
- Summary and recap of key learning objectives
- Action Planning
Why choose London Business Training & Consulting
Management consultation service
Paperless service delivery model
Flexible open course schedule
Expenses
Course Price: £3415.00 + VAT
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London Business Training & Consulting
London Business Training & Consulting (LBTC) is the UK’s premier business and management training and consultancy service provider. LBTC offers 600 management training courses in sixteen (16) subject categories of durations ranging from 1 day to 11 weeks. This includes 90-minute interactive live...
This training has been helpful and interactive. I have also developed new ideas to be implemented in my work.