Procurement Management
BA238
KTI
Course Overview:
This course provides a comprehensive examination of the procurement process, including planning purchasing actions, understanding contract structures, and exploring the available options for purchasing decisions. It also covers the tendering process, from solicitation and evaluation to ensuring transparency and ethical practices. Students will gain practical knowledge on how to prepare and assess tenders while understanding the legal and strategic implications of procurement decisions.
Student Learning Outcomes:
By the end of this course, students will be able to:
Understand Strategic Purchasing:
- Recognize the role of purchasing actions in achieving an organization’s strategic objectives.
Identify and Apply Contract Structures:
- Understand various contract systems and identify the most suitable structures for different procurement needs.
Select Appropriate Contracts:
- Choose the most effective contract types for specific projects and procurement requirements.
Negotiate Value-Based Offers:
- Analyze and negotiate offers to ensure the best balance between price and value for the buyer.
Understand Legal Implications:
- Evaluate the legal frameworks of contracts, including fully documented agreements and "design and build" approaches.
Manage Procurement Documentation:
- Gain an overview of essential procurement documentation, including requirements, specifications, plans, and processes.
Plan for Supply:
- Develop effective supply planning strategies to meet project and organizational needs.
Prepare Tender Requests:
- Design and issue comprehensive and clear tender requests that align with procurement objectives.
Evaluate Tenders:
- Apply best practices for analyzing and assessing tenders, ensuring fair and effective evaluation processes.
This course equips students with the skills and knowledge to manage procurement processes efficiently while understanding the complexities of contracts and the tendering system in a professional and ethical manner.