Procurement

Procurement Overview and Processes

• History of procurement
• Overview of procurement as an organizational function
• Differentiating procurement from sourcing and acquisition
• Linear acquisition process and phases of development
• Strategic sourcing and its activities
• Different sourcing and acquisition models

Procurement Software and Performance

• Procurement software and its management of purchasing processes
• Performance measurement in procurement, including the five rights and value generation
• Distinction between savings and cost avoidance
• Joint ventures in procurement and buyer-side collaboration
• Key statistics and benchmarks in procurement

Types of Procurement

• Joint or collaborative procurement in the public sector
• Central Purchasing Bodies (CPBs) coordinating joint purchasing activities
• Pooled procurement mechanisms for local manufacturing of vaccines and medicines
• Electronic procurement through internet or networked computer connection

Procurement and Finance Functions

• Historical relationship between procurement and finance
• Irreconcilable interests and arguments for more autonomy in procurement
• Strategic sourcing collaboration between procurement, finance, and IT functions

Government Procurement and its Benefits and Detriments

• Definition and significance of public procurement
• Economic impact and competition within the private sector
• Benefits of public procurement, including innovation, working with minority-led businesses, and environmental considerations
• Detriments of public procurement, such as difficulty in measuring economic productivity and monitoring impacts
• Concerns and challenges in public procurement, including corruption and bribery
• Guidelines on detecting and combating procurement fraud
• Roles in procurement, including procurement officers, managers, and Chief Procurement Officer
• Challenges and opportunities for women in procurement
• Obligations in procurement and contractual obligations with suppliers.

Procurement Data Sources