Sorry, this event’s been and gone

When:

Thu Jan 25 2018, 9:00am–5:00pm
Fri Jan 26 2018, 9:00am–5:00pm
Thu Apr 26 2018, 9:00am–5:00pm
Fri Apr 27 2018, 9:00am–5:00pm
Thu Jul 12 2018, 9:00am–5:00pm
Fri Jul 13 2018, 9:00am–5:00pm

Where: Royal Plaza on Scotts' Lobby, 25 Scotts Road, Orchard Road, Singapore

Restrictions: All ages

Listed by: manage

Procurement has developed over the years into a strategic tool for many organisations in the government and private sectors. From the backend, it has evolved into a crucial driving force for organisations to reach their objectives.

In this 2-day course, participants will explore procurement needs of an organisation and how to transform these needs into specifications that can be understood by suppliers to solicit the best value-for-money offer submissions.

After the workshop, you will be able to:
- understand procurement needs
- calculate costs and pricings
- apply operating budget
- specify requirements
- develop effective specifications
- define key performance indicators
- apply contract terms and conditions
- assess price arrangements

What you will learn
Understanding procurement needs
- Organisation’s strategic use of procurement
- Bottomline vs Objectives
- Evolution of procurement
- Types of procurement
- Kraljic Procurement Portfolio

Calculating cost and pricing
- Cost vs Price
- Different cost components
- Understanding supplier interests
- Total lifecycle costing

Applying operating budget
- Budget
- Budget plan vs procurement plan

Specifying requirements
- Requirements vs Specifications
- Types of specifications
- Importance of specifications
- Specifications went wrong

Developing effective specifications
- Key characteristics of specification writing
- Effect of words
- Consideration for rules vs guidelines
- Writing the specifications

Defining key performance indicators (KPI)
- Importance of KPI
- Defining KPI - SMART

Applying contract terms and conditions
- Nature and role of contract
- Interpreting key terms
- Managing contract

Assessing price arrangements
- Right price
- Pricing models: Fixed vs Variable
- Payment terms

Who should attend?
Procurement officers tasked with the critical role of finding the best value-for-money offers.

Methodology
Participants are guided through practical steps of the topic with a combination of short lectures, case studies, videos, audio, role-play, games and quizzes.