In today’s fast-paced and competitive business landscape, procurement professionals are vital to ensuring operational excellence, cost efficiency, and adherence to ethical standards.
This immersive, practical course provides participants with the tools and techniques necessary to effectively manage procurement activities and unlock maximum value across the procurement chain.
Participants will engage with real-life case studies, hands-on exercises, and interactive role-play to gain a thorough understanding of procurement principles, the procurement cycle, strategic sourcing, tendering, bidding, contract negotiation, and contract management.
Key areas covered include:
- Best practices in procurement and tender management
- Cost estimation and procurement needs assessment
- Supplier prequalification, tender documentation, and bid evaluation
- Preparation of standard bidding documents
- Organizational procurement strategies
- Introduction to World Bank procurement procedures
- Understanding the full procurement process and cycle
- Insight into the role of security deposits in procurement
- Comparative overview of procurement methods and approaches, including an in-depth look at the procurement of consulting services
Additionally, the course addresses the ethical dimensions of procurement, equipping professionals to make principled decisions that align with good governance and transparency.
By the end of this training, participants will be equipped to streamline procurement operations, enhance value delivery, and lead with professionalism and ethical integrity in a global marketplace.
Course Outline
- Introduction to Procurement Management
- Role and importance in organizational strategy
- Procurement vs. purchasing
- Understanding the Procurement Cycle
- Key stages, stakeholder involvement, and lifecycle documentation
- Procurement Planning & Needs Assessment
- Cost estimation, market analysis, and requirements definition
- Strategic Sourcing and Supplier Management
- Supplier identification, prequalification, and evaluation
- Tendering and Bidding Procedures
- Competitive bidding, restricted bidding, and direct procurement
- Preparation of Standard Bidding Documents
- Structure, templates, and compliance requirements
- Tender Evaluation Techniques
- Scoring methods, selection criteria, and bid comparison
- Contract Negotiation and Award
- Negotiation strategies, contracting models, and award decisions
- Contract Management and Performance Monitoring
- Key terms, milestones, and risk mitigation
- Ethics and Compliance in Procurement
- Fraud prevention, transparency, and international best practices
- Procurement of Consulting Services
- Specific considerations, TOR development, and evaluation processes
- Institutional Procurement Strategies
- Framework agreements, long-term planning, and World Bank guidelines
Learning Outcomes
Participants will be able to:
- Grasp the core concepts and principles of procurement management and its strategic impact on organizational performance
- Comprehend the entire procurement life cycle, procurement categories, tools, and estimation techniques, with a strong emphasis on ethics
- Gain practical, applied knowledge of the tendering process, including procurement of goods, services, and works
- Draft and customize standard bidding documents aligned with specific procurement needs
- Understand and apply tender evaluation methods and scoring techniques
- Navigate the essentials of contract negotiation, drafting, and management with confidence
Who Should Attend
This course is highly recommended for:
- Procurement and Contract Officers/Managers
- Supply Chain and Logistics Officers
- Project and Operations Managers
- Engineers involved in procurement or project delivery
- Professionals working in procurement, supply chain, or project-related roles
Training Dates:
📅 14th July – 26th July 2025
Location-London