Key details
Mode of delivery: Online Course
Course code: PCM11DO
Duration: 1 day
Fee: £740.00 + VAT
CPD Hours: 6
Course Overview
This session provides a comprehensive framework for sourcing strategies, covering supplier qualification, bid evaluation, and contract negotiation techniques. Participants will learn how to develop procurement strategies based on CIPS and CMBoK principles, ensuring alignment with business objectives. They will explore writing effective Statements of Requirement (SOR) and Scope of Work (SOW) to define procurement needs accurately. Additionally, the course covers supplier prequalification methods and bid evaluation frameworks, equipping learners with decision-making tools for selecting the best suppliers.
Agenda
Strategic Sourcing and Bid Evaluation
- Developing a procurement strategy using CIPS and CMBoK principles
- Writing an effective Statement of Requirement (SOR) and Scope of Work (SOW)
- Supplier prequalification and evaluation techniques
- Bid evaluation methodologies and selection criteria
- Applying negotiation frameworks to achieve best value
Course Review
- Summary and recap of key learning objectives
- Action Planning
Target Audience
This course is suitable for:
- Procurement Managers, Senior Buyers, Category Managers, and Strategic Sourcing Professionals
- Supplier Relationship Managers, Vendor Managers, and Procurement Performance Professionals
- Contract Managers, Commercial Managers, and Legal Professionals involved in procurement agreements
- Supply Chain Managers, Operations Managers, and Risk Managers managing supplier disruption
- Finance, Compliance, Governance, and Internal Audit Professionals supporting procurement control
- Sustainability, ESG, and Ethical Procurement Managers
- Project Managers and Programme Managers managing procurement-heavy initiatives
- Public Sector, NGO, and International Procurement Professionals managing competitive sourcing
Learning Outcomes
By the end of this course, you will be able to implement a successful strategy that enables you to:
- Develop strategic sourcing plans aligned with organisational goals and procurement best practices.
- Draft clear and effective Statements of Requirement (SOR) and Scope of Work (SOW) to define procurement needs.
- Implement supplier prequalification and evaluation techniques to ensure vendor reliability and compliance.
- Apply structured bid evaluation methodologies to select the most suitable suppliers.
- Utilise negotiation frameworks to achieve the best value in procurement contracts.
