Procurement Management

 IMI Training Institute


Procurement is the act of acquiring, buying goods, services or works from an external source. It is favorable that the goods, services or works are appropriate and that they are procured at the best possible cost to meet the needs of the acquirer in terms of quality and quantity, time, and location. Corporations and public bodies often define processes intended to promote fair and open competition for their business while minimizing exposure to fraud and collusion.

Benefits and Added Value

By the end of this program, the participants will be able to:
• Describe the procurement planning process, procurement planning tools & techniques, types of contracts and statement of work (SOW).
• Discuss what is involved in Solicitation planning, and the difference between RFP & RFQ.
• Explain what occurs during the solicitation process.
• Describe the source selection process, and different approaches for evaluating proposals or selecting suppliers.
• Discuss the importance of good contract administration.
• Describe the contract close- up process.
• Discuss the role of negotiation in managing procurement

Program Content

1. Introduction.
2. Importance of PM.
3. Why to outsource?
4. PM Process.
5. Procurement Planning tools & Techniques.
6. Contract administrations.
7. Contract close- out.

Who Should Attend

• Procurement managers & subordinates.
• Supply Chain & Logistics Managers
• Contract managers.
• Financial & A/C managers.


2 days