The Journey of Procurement Strategy

Course Overview: Embark on a journey through the world of procurement with our course, "The Journey of Procurement Strategy." This course is meticulously designed to provide a deep understanding of procurement strategies and their practical applications, making it an ideal introduction for those pursuing RICS Procurement Competency and PMI-CP Procurement part.

Course Objectives:

• Define Procurement Strategy and Its Path: Gain insights into the fundamental principles of procurement strategy, understanding its development and implementation.

• Explain Client Objectives and Procurement Strategy Constraints: Learn how to align procurement strategies with client objectives while navigating potential constraints and challenges.

• Define and Differentiate Between Procurement Routes: Explore various procurement routes, understanding their unique characteristics and applications.

• Define Tender Options: Delve into the different tendering processes, evaluating their advantages and best use cases.

• Define Different Types of Contracts: Understand the various contract types, including lump sum, target cost, unit price, and cost-plus contracts, and their implications for procurement.

• Explain Pricing Documents: Learn how to create effective pricing documents that ensure transparency, accuracy, and support decision-making

Learning Outcome: By the end of this course, participants will be able to:

• Develop and implement effective procurement strategies.

• Align procurement activities with client objectives and manage constraints.

• Choose appropriate procurement routes and tender options.

• Understand and apply different types of contracts in procurement scenarios.

• Deep Understanding pricing documents.