Procurement Planning and Bid Management

Target Audience

Purchasing and supply chain professionals at all levels of the organization who are involved in planning, sourcing, buying and bid selection activities, as well as personnel who are involved in the purchasing process.

Course Objectives

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

  • Write strategic procurement objectives and initiatives to support long term directions
  • Arrange ‘spend items’ into categories that support planning of go-to-market strategies
  • Apply demand forecasting techniques to improve planning of procurement activities
  • Generate vendor integration strategies to ensure supply security
  • Evaluate vendor bids in a scientific manner to support selection decision making

Target Competencies

  • Procurement planning
  • Business analysis
  • Structured thinking
  • Business forecasting
  • Inventory planning
  • Performance evaluation

Course Outline

Course Contents

Strategic procurement planning

    • Setting procurement mission and objectives
    • Selection of improvement initiatives
      • Structure-related initiatives
      • Systems-related initiatives
      • Workstreams-related initiatives
      • Culture-related initiatives
    • Performance measures and targets
    • Communication of procurement plan
    • Stakeholder engagement

Spend category planning

    • Spend category profiling
    • Spend impact analysis
      • Financial impact
      • Vendor segmentation
    • Market risk analysis
      • Value chain analysis
      • SWOT analysis
      • Porter’s five forces
      • Risk heat maps
      • Vendor risk scores
    • Category report consolidation

Forecasting and demand planning

    • The soft side of forecasting
      • Tetlock’s foxes and hedgehogs
      • Taleb’s black swan
    • Principles of demand planning
    • Quantitative forecasting techniques
    • Qualitative forecasting techniques
Istanbul, Turkey
Starting: 04 October2021 Ending: 15 October 2021
USD 5,975
To cover tuition and training materials only.

Please take note that hotel accommodation, travel and out of pocket expenses will be borne by the sponsoring organization.

The cost covers only tuition, stationery, presentation slides, soft and hard copies of course materials, coffee/tea breaks, lunch, tour to tourist attraction sites and administrative expenses.

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Working hours

Monday 9:30 am - 6.00 pm
Tuesday 9:30 am - 6.00 pm
Wednesday 9:30 am - 6.00 pm
Thursday 9:30 am - 6.00 pm
Friday 9:30 am - 5.00 pm
Saturday Closed
Sunday Closed