Fundamentals of Procurement

Procurement and Supply Chain Management

Course Overview

Procurement and Supply Chain is a series of processes or steps used to produce and/or distribute goods or services to a customer.  Procurement and Supply Chain Management involves the execution of securing those goods and services at a reasonable cost, and delivering them to a designated location in a timely, efficient manner. This program, one of the first in the country, is an exclusive opportunity for students to not only learn and explore the quickly growing field of Supply Chain, but for existing practitioners to master their skills as well.

Course Objectives

  • Define procurement and its purpose
  • Describe the key steps carried out in managing the procurement process
  • Describe the commodity strategy development process and the key steps in this process
  • Understand the key supplier evaluation practices
  • Appreciate the need for identifying and evaluating global suppliers
  • Appreciate the important role that power, tactics, and concessions play in negotiations
  • Gain a basic understanding of procurement contracting and good practices in contracting
  • Describe the key forms of documentation used in procurement
  • Recognize the characteristics of effective supplier scorecard systems
  • Discuss the key roles or positions in procurement organizations
  • Describe the key roles and metrics within procurement
  • Gain a basic understanding of commercial law, particularly agency law and contract law
  • Understand the difference between law and ethics
  • Understand corporate social responsibility

Course Outline

PROCUREMENT FUNDAMENTALS

  • Tendering, procurement and competitive bidding
  • Pricing and contracting strategies
  • Procurement procedures and cycle

REQUIREMENTS IN PROCUREMENT

  • Applicable legislation
  • CIDB

RISK MANAGEMENT

  • What is risk
  • Control and allocation of risk
  • Counters to risk

TENDERING PROCESS

  • Tender invitation
  • Soliciting tenders
  • Pre-qualification of tenders
  • Functionality
  • Evaluation of the tenders
  • Tender responsiveness
  • Award of the contract
  • Form of offer and acceptance

COMPILATION OF A TENDER BY THE CLIENT

  • Conditions of contracts
  • Estimation of quantities
  • Bills of quantities

COMPLETION OF THE TENDER DOCUMENT BY THE TENDERER

  • Pricing data
  • Pricing by the tenderers
  • Valid contracts
  • Escalations

COMPLETION OF CONTRACT

  • Contraction requirements
  • Completion
  • Penalties
  • Defects and liability period
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Course Features
  • 7124 Views
  • 8 Weeks Online
  • 1-2 Weeks Classes
  • Certified

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