Quick dive into Procurement

Explore how procurement adds value by guiding stakeholder needs, feasibility, and market testing to maximize value. Understand how purchasing and contract management culminate in contracts that shape procurement.

Learn how contracts in procurement are defined as enforceable agreements among multiple parties, with clear promises and obligations, and the key factors that determine a valid contract.

Explore how contract terms clash with legislation, and learn how consumer law, including the Australian consumer law, protects rights like refunds and fit for purpose guarantees.

Learn how contracts yield to legislation when conflicts arise, as statutes prevail over common law in the Australian legal system, and examine procurement impacts on organizations.

Procurement underpins nearly everything a business uses, including staff and goods or services; view staff as recruited to show procurement connects goods, services, and human resources near the final test.

Close out the quick dive into procurement by reflecting on course insights and the message that messing with nature is not a great idea.

Gather legislative, policy, business, and governance inputs in the discovery stage to set a clear procurement direction, align stakeholders, secure budget, and assess market capability to meet needs.

Explore the procurement process from discovery, planning, formation, to contract management, map requirements at each stage, and build practical checklists to meet approval points across industries.

Assess the discovery and planning stages to map the procurement process, create a detailed plan and requirements, and assess market capacity, risks, and the approach to market and supplier evaluation.

Map your procurement process from formation to contract management, detailing terms, negotiations, contract form, and transition planning to improve efficiency and clarity.

Explore how external legislation shapes procurement decisions by listing applicable laws, from privacy and health and safety to contract law, and avoid breaches.

Identify and list policies that impact procurement, including buy local, ethical, and sustainable procurement policies, to ensure compliance with legislation and act as a safety net.

Explore governance requirements for procurement by mapping spending authority limits, delegations, and approvals. Create a governance chart to identify who must approve purchases and when.

Identify the business needs before procurement to ensure value and outcomes, by asking what we want, when we need it, for how long, and whether to buy or rent.

Identify the right internal stakeholders and create a stakeholder plan to gather insights on spending patterns, needs, and improvements, balancing early engagement with realistic promises.

Learn from others by studying past procurements and contract managers, asking what went well and what to do differently, and start with lessons learned to plan backward from outcomes.

Explore the external market to match supplier capabilities with internal needs and interests, using covert market research, stakeholder engagement, and an iterative assessment of availability and lead times.

Explore market sounding as an overt method to engage the market, validate scope, and align timelines with suppliers, while maintaining probity and documentation.

Explore the pestle framework to scan political, economic, socio-cultural, technological, legal, and environmental factors that shape procurement decisions and the long-term value of our assets.

Explore the demand and supply sides of procurement, assess market supply, competition, and legislation impacts, and plan the procurement or business case for sustained value.