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Procurement for Organisation Needs

Procurement has developed over the years into a strategic tool for many organisations in the government and private sectors. From the backend, it has evolved into a crucial driving force for organisations to reach their objectives.

In this 2-day course, participants will explore procurement needs of an organisation and how to transform these needs into specifications that can be understood by suppliers to solicit the best value-for-money offer submissions.

How will you benefit?
After the workshop, you will be able to:
- understand procurement needs
- calculate costs and pricings
- apply operating budget
- specify requirements
- develop effective specifications
- define key performance indicators
- apply contract terms and conditions
- assess price arrangements

What you will learn
Understanding procurement needs
- Organisation’s strategic use of procurement
- Bottomline vs Objectives
- Evolution of procurement
- Types of procurement
- Kraljic Procurement Portfolio

Calculating cost and pricing
- Cost vs Price
- Different cost components
- Understanding supplier interests
- Total lifecycle costing

Applying operating budget
- Budget
- Budget plan vs procurement plan

Specifying requirements
- Requirements vs Specifications
- Types of specifications
- Importance of specifications
- Specifications went wrong

Developing effective specifications
- Key characteristics of specification writing
- Effect of words
- Consideration for rules vs guidelines
- Writing the specifications

Defining key performance indicators (KPI)
- Importance of KPI
- Defining KPI - SMART

Applying contract terms and conditions
- Nature and role of contract
- Interpreting key terms
- Managing contract

Assessing price arrangements
- Right price
- Pricing models: Fixed vs Variable
- Payment terms

Who should attend?
Procurement officers tasked with the critical role of finding the best value-for-money offers.

Methodology
Participants are guided through practical steps of the topic with a combination of short lectures, case studies, videos, audio, role-play, games and quizzes.


Event Date: 5 October 2017 - 6 October 2017 Contact Person: Ms Florence Quak
Venue: Royal Plaza on Scotts or similar Email:
Country: Singapore Tel: 62204008

Registration Website: http://eontraining.com.sg/courses/public-courses/professional-development/procurement-for-organisation-needs/

Submitted by EON Consulting & Training Pte Ltd, Effective Outsource Networks on Thursday, 5 October 2017 at 9:00 AM
Category: Business
 
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