Procurement Planning & Bid Management

What you will learn?

In this course, you will learn about the necessary tools, techniques and methods for procurement planning and bid management. You will start off by learning the basic concepts of strategic procurement planning, selection of improvement methods and communication of the whole plan while studying stakeholder engagement.

Forecasting and demand planning also come in the course material. This includes risk management, principles of demand planning, depicting the sales and making use of forecasting methods, that are both qualitative and quantitative.

You will also learn about the different vendor pre qualification criteria, legal, technical, financial, etc. Service level agreements also play vital role in management and it is also a part of this course. Finally the course will be concluded with bid management processes, evaluation criteria, selection and scoring systems.

Prerequisite or Relevant Knowledge

This course requires no prior knowledge in business, although you must have a 12 year degree or equivalent from an institution.

Who should attend?

All candidates who want to enhance their knowledge and learn more about the bid management in the changing business world are welcome to take this course. You might be any professional related to manufacturing and business like project manager, team member or novice project manager.

Strategic procurement planning

Setting procurement mission and objectives

Selection of improvement initiatives

Structure

Systems

Workstreams

Culture

Performance measures and targets

Communication of procurement plan

Stakeholder engagement

Spend category planning

Spend category profiling

Spend impact analysis

Financial impact

Vendor segmentation

Market risk analysis

Value chain analysis

SWOT analysis

Porter’s 5 forces

Risk heat maps

Vendor risk scores

Category report consolidation

Forecasting and demand planning

The soft side of forecasting

Tetlock’s foxes and hedgehogs

Taleb’s black swan

Principles of demand planning

Quantitative forecasting techniques

Qualitative forecasting techniques

Vendor integration

Vendor prequalification process

Vendor prequalification criteria

Legal criteria

Financial criteria

Technical criteria

Staff criteria

HSE criteria

Service Level Agreements (SLAs)

Strategic partnering

Supplier diversity programs

Bid evaluation and selection

Bid management process

Bid evaluation criteria

Scoring systems and protocols

Selection and award

Total Cost of Ownership (TCO) for complex purchases

Impact/Benefits of this Course

Although this course is an introductory level course, but it offers some really valuable knowledge that one should have before considering their more advanced courses.

The basic skills, tools and techniques this course provides will help greatly and will be honed as you progress and learn more about business strategies and supply chain management. These tactics play an important role in any type of business. They will let you achieve a better understanding of things taught sometime later.

At Course Completion

At the end of this course, you will be able to demonstrate the detailed understanding that you gained in procurement processes and bidding. You will also gain an understanding of different phases of bidding, and contract administration. You will be able to conduct negotiations.

You will also have the grasp of various types of bids and bidding methods and how contract knowledge applies to you as a project manager. You will take part in developing and understanding budgets, activities that should be done in-house and all projects that involve bid management.