Procurement Planning and Bid

Course Overview

Planning is both the most critical and the most challenging phase of any procurement operation. It provides direction towards how the function intends to secure the supply security for the organization. When it comes to bid management, a sound procurement plan will help balance the often conflicting goals of generating savings and satisfying internal customers. In this programme, we provide a through explanation of the right an approach for the planning of procurement objectives and initiatives. We also delve into the different qualitative and quantitative forecasting techniques as they relate to inventory planning. Finally, we demonstrate how different vendor integration strategies can be applied to help sustain operations and projects. 

Course Objectives

• Write strategic procurement objectives and initiatives to support long term direction 
• Arrange spend items into categories that support planning of Go-to-Market strategies 
• Generate vendor integration strategies to ensure supply security 
• Evaluate vendor bids in a scientific manner to support selection decision making