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Procurement Essentials

London Business Training & Consulting

Summary

Price
£4,098 inc VAT
Or £341.50/mo. for 12 months...
Study method
Onsite
Duration
1 week · Full-time
Qualification
No formal qualification
Additional info
  • Tutor is available to students

Overview

Starting out in procurement or refreshing your procurement skills after a break, means getting to grips with the "Essentials" of the topic. This course is ideal for that purpose. The course examines how corporate procurement takes place – usually on a competitive footing, but sometimes by placing direct orders with a supplier. The course will unpick the advantages and disadvantages of competitive procurement, and looks at who does what and when they do it. It will also walk through the key steps in the procurement process and examine examples of procurement documents, such as the Statement of Requirement (also known as the Scope of Work).

The course will also include a site visit to an organization relevant to the course so delegates can develop an understanding of how their contemporaries function in the real-world.

The course will wrap with a summary of the key learning points, followed by an action planning exercise with a view to apply the acquired knowledge and skills immediately upon your return to work. Post-course support is also available in relation to the implementation of your action plan, up to six (6) months following course completion.

Description

Fundamentals of Procurement
- The role of the Procurement Function
- Material requirements planning
- Public procurement and private procurement compared

Global Procurement Processes
- Competitive and non-competitive purchasing
- Bids and Tenders documentation
- Managing an open and transparent process
- Avoiding mistakes that could cancel the procurement

Procurement Sourcing
- Writing the Statement of Requirement / Scope of Work
- Supplier Sourcing
- Working with approved suppliers
- Prequalification
- Highlights of tender evaluation

Site Visit
- Industrial visit to a relevant organization.
- An insight into the internal working of companies.
- An opportunity to learn through interaction with practising professionals.

Course Review
- Summary and recap of key learning objectives
- Action Planning

Upon completion of this course, you will have an excellent grasp of the essentials of procurement processes and the justification for adopting one approach versus another. This will include:
- selecting the best procurement strategy for your transaction, in the public or private sector.
- writing the Statement of Requirement / Scope of Work.
- learning how to attract potential suppliers, pre-qualify them for suitability and make a selection.
- Working with bids and tenders documentation.
- Considered "What good procurement looks like".
- A practical perspective into contemporary work practices in your field.
- An Action Plan to be implemented at your workplace using the knowledge and skills acquired through the course.

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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Similar subjects: Procurement, Manufacturing

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