PROGRAM DETAILS

Introduction

Procurement planning and bid management are crucial components of organizational success. When executed effectively, procurement planning ensures that an organization’s procurement processes are aligned with its business goals, while bid management helps to identify the most suitable suppliers to work with. To facilitate an in-depth understanding of these critical components, this five-day program will equip participants with the skills necessary to effectively manage procurement planning and bid management processes.

By examining procurement planning strategies, identifying procurement risks, managing procurement timelines, and negotiating contracts, participants will gain an in-depth understanding of the procurement process from start to finish. Additionally, participants will learn about bid management, which includes developing a bid management plan, identifying suitable suppliers, preparing bid documents, managing bid timelines, and evaluating bids.

Overall, the program will equip participants with the knowledge and skills required to effectively manage procurement planning and bid management processes in their organization, resulting in improved supplier relationships, decreased risks, and aligned procurement processes with business goals.

Learning Objectives

By the end of the program, participants will be equipped with the knowledge and skills required to

• Understand the procurement planning process and its importance in achieving business goals
• Develop effective procurement strategies that align with business objectives
• Learn how to manage the procurement process from start to finish, including identifying suppliers, negotiating contracts, and managing risk
• Develop an understanding of bid management and how to identify the most suitable suppliers
• Develop skills in bid evaluation and supplier selection

 Who Should Attend

 Designed for procurement professionals, supply chain managers, project managers, and anyone responsible for managing the procurement process in their organization, the program will conclude with a review of the key learning points and a discussion on how participants can apply their newfound knowledge in their workplace.

Training Methodology 

With experienced procurement professionals delivering the program’s curriculum through a combination of lecture-based learning, case studies, group discussions, and interactive exercises, participants will receive a comprehensive understanding of procurement planning and bid management. Additionally, attendees can expect to gain practical insights and tools that will help them achieve their procurement goals while minimizing risks and improving supplier relationships.

 Program Content 

Day 1 – Procurement Planning

• Introduction to procurement planning
• Understanding the procurement cycle
• Developing a procurement strategy
• Identifying procurement risks
• Managing procurement risks

 Day 2 – Procurement Process

• Understanding the procurement process
• Developing procurement documentation
• Managing procurement timelines
• Negotiating contracts
• Managing supplier relationships

 Day 3 – Bid Management

• Introduction to bid management
• Developing a bid management plan
• Identifying suitable suppliers
• Preparing bid documents
• Managing bid timelines

 Day 4 – Bid Evaluation

• Understanding bid evaluation
• Developing evaluation criteria
• Evaluating bids
• Selecting suppliers
• Negotiating contracts

 Day 5 – Supplier Management

• Managing supplier relationships
• Measuring supplier performance
• Resolving supplier issues
• Developing supplier contracts
• Managing supplier risks