Managing the Procurement Cycle

Course description and benefits

This course is designed to take you through the steps you need to make sure you get good value out of any tenders and contracts. You’ll be taken through the procurement cycle, from identifying the need for a new product or service, through the sourcing options, how to write up solid tenders and evaluate responses, and how to manage the deliv­ery of the contract. Once the course is completed, participants will have a solid understanding of how to prepare plans and manage tender and contract strategies, as well as how to manage contracts to get the best out of suppliers.

Who will benefit

• Procurement directors
• Procurement managers
• General managers
• Project managers

Course outline

• Assessing specific business needs
• Sourcing options and setting evaluation criteria • Developing tender and contract strategies • Ensuring transparency
• Dealing with delivery and purchase orders
• Managing relations with suppliers
• Evaluating past experiences

Course outcomes

On completion of this course, participants will:

• Understand how to evaluate their specific business needs.
• Understand how to compare services and products.
• Understand the importance of transparency in the procurement process, and how to ensure this.

• Understand how to manage relations with suppliers to ensure that contractual obligations are met.

Course format

The course is a combination of classroom time and learning workshops. Classroom sessions are intensive and participative and will include a variety of approaches including lectures, group discussions and practical exercises. A number of guest lectur­ers will also make presentations, aiding the overall learning experience.

Presenters

The course presenters will include top-level industry experts and practitioners.

Course materials

In addition to comprehensive course notes, participants will be provided with course bags, core textbooks and a notebook.

Tea break and lunch will also be provided.