Procurement Basics, Bids / Tender fundamentals for government and business.
This course covers the procurement life cycle to help you get your foot in the door for a career in procurement or to supplement your current knowledge and give you a little more confidence in procurement.
It starts with the basic procurement life cycle then we systematically go through each stage of the cycle. The procurement life cycle covers the following titles:
Business Need
Procurement Strategy
Sourcing
Contract Award
Contract Management
We’ll be going over
· Understanding the business need
We’ll go over the need to be clear on the outcomes of the tender and be confident that outsourcing is the best option for the organisation. we’ll also be completing the procurement brief template
· Developing the procurement strategy
Here we go over the project timeline, options, budgets risk log and identifying key stakeholders
· Sourcing
Here we explore tendering via ITT / RFQ. We look at contract terms and conditions, a pricing schedule, compliance checks and risk logs
· Contract Award
In this phase we go over, due diligence checks, contract sign off and handovers if there is an incumbent supplier
· Contract Management
In this final phase we cover contract management and ensure contract outputs are delivered.
Keep in mind that the process is cyclical so if the contract expires and a new service is required, the process starts up again.
