Procurement management is an essential operational process that involves the systematic planning, sourcing, negotiation, procurement, and management of goods, services, or works from external suppliers or vendors. It forms a vital link in the supply chain and plays a significant role in determining the efficiency, cost-effectiveness, and overall success of projects and programs.
The procurement management process begins with the identification of the client's specific needs and requirements. This is followed by pre-qualifying potential vendors based on their ability to meet these needs and requirements. After a careful selection process, contracts are negotiated with the chosen vendors to ensure the most favorable terms.
The procurement management process doesn't end with the signing of contracts, however. It also involves overseeing the delivery of the goods or services to ensure they are delivered on time, within the agreed budget, and meet the required quality standards. This oversight function is critical to preventing delays, cost overruns, and quality issues that could potentially impact the project or program.
Effective procurement management is a key determinant of the success of any project or program. It not only directly influences the time, cost, and quality of the services or activities to be performed but also contributes to achieving value for money, improving supply chain relationships, reducing uncertainties, and ultimately enhancing the organization's bottom line.
This workshop has been specifically designed to provide you with the essential skills and knowledge required to effectively support clients in the procurement process for building and engineering projects. Through a series of interactive sessions and practical exercises, you will gain a solid understanding of the fundamental principles and best practices of procurement management.
As part of the broader commercial management function, this workshop forms part of a series of modules aimed at equipping you with the necessary expertise to manage all aspects of commercial operations effectively. Whether you are new to the field or looking to upgrade your skills, this workshop will provide you with the knowledge and skills you need to excel in the field of procurement management.
Understand the procurement practice
Identify best practices
Enhance communication and collaboration
Improve the likelihood of achieving value for money
The training topics will run as VILT (virtual instructor led training) via Microsoft Teams.
An Introductory Overview of Procurement Management
Understanding the Foundational Principles of Procurement
Delving into Various Procurement Strategies: Approaches and Applications
Exploring Different Procurement Routes and Structures: Navigating the Procurement Landscape
Contracts Packaging: A Comprehensive Look at Combining Contracts for Efficiency
Analysis of Different Types of Contracts: Understanding Their Role in Procurement
Tendering Strategies and Processes: Mastering the Art of Procurement Tendering
Key Pointers for Procurement in Public Projects: Ensuring Compliance and Efficiency
Reflecting on Experience: Drawing Lessons and Insights from Real-World Procurement
Key Takeaways: Essential Learning Points in Procurement Management Process