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

Study Online
$250.00
1 Week Face to Face Classes
$2500.00
2 Week Face to Face Classes
$3200.00
Course Features
- 5863 Views
- 8 Weeks Online
- 1-2 Weeks Classes
- Certified