Purchasing and procurement functions are about much more than bringing goods and services into an organization. They are the foundation of strong collaborative relationships with suppliers. Since many companies serve products from around the globe more frequently than ever, a procurement manager needs strong capabilities. These skills cannot just be learned on the job, they need to be taught. As well, the value of procurement is now recognized as integral part of cost control within the organization. In this course, participants will learn the basics of procurement, including what a supply chain looks like, the purchasing circle, procurement methods, essential tools for procurement and strategies for making the best purchasing relationships work, managing bids and more.

Learning Objectives

• Describe what is a supply chain
• Describe your procurement departments within the organization
• Understand the principle of the purchasing cycle
• Know the difference between purchasing and procurement
• Learn procurement methods
• Apply the steps needed for managing a competitive bid process
• Learn the procurement process as envisaged under the Bureau of Public Procurement Act
• Know what it takes to set up a competitive bid for a contract.
• Defend your position on why a supplier should be selected based on evaluation strategy
• Be responsible for managing supplier, including controlling quality setting and monitoring standards.