The objective of this module is to provide participants with the information and knowledge needed for an understanding of the strategic nature of procurement. It is targeted at building strategic procurement competence, giving managers the ability to formulate strategic direction and advice, in areas such as procurement technologies, processes and stakeholder management. The hands on workshop will require participants to develop specification, criteria and scoring system for evaluating suppliers. It may cover, but not be limited to, the following:

• Procurement lifecycle, concept of Total cost of Ownership (TCO) and Value for Money (VFM)
• Sourcing process
• Procurement principles – Open and Fair, Transparency and Value for Money
• Procurement lifecycle (PLC): Definition, Overview of the different stages
• Stakeholder Management
• Five Rights of Purchasing
• Specification development: Definition, Value Engineering and Analysis, Standardisation, difference between product and service specifications etc
• Use of Procurement Technologies – Reverse Auction System, Source-2-Pay System, Risk Modelling etc
• Evaluation and selection of suppliers – Developing Pre Qualification Questionnaire (Technical and Financial criteria), Defining Evaluation Criteria & Scoring Mechanism.
• Contract Management – Supplier Relationship Management, Supplier Performance Management & Supplier Risk Management