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Course Description

Description: Engineers and other technical professionals whose roles are driven or influenced by procurement requirements and who work with procurement teams can find themselves pulled in seemingly conflicting directions. They must balance the often competing demands of maximising contribution to the corporate strategy while gainfully engaging appropriate suppliers, getting the best out of the supply relationship, other members of the company, team and their own direct reports. The course takes a systematic approach, demonstrating how to manage four dimensions of procurement and to gain an introduction to the role of procurement for engineers who have to work with the procurement team or have to manage this function in their own role: What you will learn: Relationship of buying activity to business plans and priorities Different ways of obtaining goods and services Advantages and disadvantages of standards for specifications Market awareness The balance of procurement formality and user responsiveness How to assess suppliers How to differentiate between supplier competence, capacity and credibility Discriminating between an estimate and a quotation Understanding the necessary components of a contract Awareness of the tender process and the obligations on all players The engineer?s role in bid evaluation How to rank bids Critical factors in contract management Contract administration ? the key records you need to keep The benefits of a two-way post-contract review

Description: Engineers and other technical professionals whose roles are driven or influenced by procurement requirements and who work with procurement teams can find themselves pulled in seemingly conflicting directions. They must balance the often competing demands of maximising contribution to the corporate strategy while gainfully engaging appropriate suppliers, getting the best out of the...

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