A course on procurement planning covers the process of identifying and acquiring of goods,services and works to support an organization's or project goals.Key topics include:needs assessment,defining specification and requirements, developing a budget and schedule and determining the procurement process such as tender methods, selection criteria and contract terms.The curriculum also involves performing make or buy analyses understanding supplier relationships and creating a structures plan to manage procurement activities and ensure value for money,risk mitigation and compliance.
Core components of a procurement planning course
Strategic and operational planning -bridging the gap between high level organizational goals and the daily execution of procurement activities.
Needs assessment and requirements determination -Identifying what needs to be procured and the specific technical and performance requirements .
Make-or- buy analysis-Deciding weather to produce goods or services in house or to acquire them from external sources
Market analysis -Evaluating supply markets to understand cost,identify potential suppliers and assess risks
Tendering and supplier selection-Establishing the process for competitive bidding including the criteria for selecting vendors and the term for contracts.
Cost, time and risk management -developing realistic budget and schedules and identifying and mitigating risks to procurement.
Process management -understanding the entire procurement cycle from planning to execution,monitoring and closing procurement
Legal and ethical procurement -Ensuring procurement activities comply with relevant laws,regulations and ethical standards
Learning outcomes
Develop a comprehensive procurement plan
Maximize value for money
Optimize resource allocation
Improve project outcomes
- Teacher: brenda mukami