Procurement Planning Process and Bid Management

This procurement planning process and bid management course covers all critical aspects of procurement and bid management, which will equip you with all possible knowledge and information to successfully win bids for your organization. Participants will be empowered with in-depth knowledge and understanding of procurement planning and bid management, thus preparing you to handle multiple functions and responsibilities for your organisation, fostering growth and development.

COURSE OBJECTIVES
The main objective of this Procurement Planning Process and Bid Management course is to empower participants with:
detailed knowledge and understanding of all important concepts and practices related to procurement and bid management
the required information and knowledge of the procurement process to ensure continuous and seamless flow of raw materials and goods, thereby ensuring timely delivery to customers
the necessary skills and capabilities to manage the bidding process for one’s organisation to get the best deals at the best prices and also to get the best contracts for one’s organisation
the required thought process and perspective to thoroughly investigate and pre-empt all challenges and risks that may arise in future and make provisions to mitigate these
the capabilities, knowledge and experience to train other professionals on procurement and bid management
the knowledge and understanding of various procurement methods and about choosing the best method that would be apt to apply in any given situation
the required capabilities and skills to contribute to organisational growth through reduced costs and increased customer satisfaction
the skill and knowledge to apply effective bid management tools for a seamless and error-free bid management process

COURSE OUTLINE
Principles of Procurement
Transparency
Integrity
Economy
Openness
Fairness
Competition
Accountability
Types of Procurement Methods
Open tendering
Restricted tendering
Request for proposals
Two-stage tendering
Request for quotations
Single source

Steps in the Procurement Process
Conduct an internal needs analysis
Conduct an assessment of the supplier market
Collect supplier information
Develop a sourcing/outsourcing strategy
Implement the sourcing strategy
Negotiate with suppliers and select the winning bid

Types of Bidding
Rules-based bid management
Positional bidding
Portfolio-based bidding

Five Steps in the Bidding Process
Research and planning
Bid preparation
Bid submission
Presentation platform
Getting the contract award

Challenges of Bid Management
Stringent deadlines
Decisions of Bid/No Bid
Availability of resources
Coordination with the bid team
Technology partnership
Coordination and time receipt of required documents
Documents from multiple sources
Local disturbances
Vendor coordination and management
Page restrictions

TARGET AUDIENCE
Purchasing managers, supervisors, bid managers, vendors, suppliers, finance advisors, potential investors and any other professional interested in knowing more about procurement planning and bid management.

No. of Days:

4