Procurement Fundamentals (1 Day)

Is it right for me?

This interactive training course considers fundamental elements of the procurement process,

together with basic tools and techniques used within procurement and supply. It provides a

robust grounding in procurement basics and is designed for those in a junior procurement/

supply chain role or those new to the discipline. Delivered using learning systems and

techniques to develop individual skills.

What will I learn?

As part of this course, you will have access to pre and post work activities online to help

you prepare and reflect on your training. Procurement is a strategic process which enables

increased added value and is a contributor of competitive advantage to the organisation.

Understanding the fundamentals of the procurement cycle and supply chain function

contributes to enhanced spend management and categorisation.

Involvement in developing robust specifications builds an understanding of the sourcing

process and wider supply chain and provides opportunities to develop stakeholder

management skills. The supplier appraisal processes are key to successful procurement

outcomes from the bid process, together with skills in performance and supplier relationship

management.

What are the learning objectives?

By the end of this course, you will be able to:

• Recognise the fundamentals of the procurement cycle and how each phase contributes to

the effective management of spend and supply chain function

• Recognise the need for and importance of the involvement of procurement in specification

development and successful outcomes

• Undertake supplier appraisal, develop a post tender appraisal, and develop tender/RFQ

templates

• Describe the difference between performance and supplier relationship management, and

how to effectively manage termination

Member GBP480 / Nonmember GBP600.