Professional Training

Mastering the Art of Private Procurement

25 ratings

Date: 20 & 24 Mar 2023

Time: 20th Mar: 08:30 PM - 10:30 PM, 24th Mar: 02:30 PM - 04:30 PM

Total Hours: 4

Class Schedule: Sun-Mon

Registration Deadline: 20 Mar 2023

No. of Classes/Sessions: Total 2 Sessions

Venue: Online (Live Class on Zoom)

What you will learn

Introduction to Private Procurement Management

Supplier Identification and Evaluation

Supplier Relationship Management

Technology in Private Procurement

Procurement Strategy Development

Contract Negotiation and Management

Procurement Performance Measurement

Who should attend the program?

The course is designed for private sector professionals who are involved in procurement, purchasing, supply chain management, and vendor management.
It is suitable for individuals at various levels of expertise, from entry-level professionals to experienced procurement managers.
The training is also relevant to individuals in other departments, such as finance and operations, who have a role in the procurement process.
Anyone who is interested in learning about best practices in private procurement management and enhancing their skills and knowledge in this area would benefit from attending this training.

Training content

Session 01

Module 1: Introduction to Private Procurement Management

Importance of procurement in private organizations
Procurement processes and their impact on business success
Key trends in private procurement managemen

Module 2: Procurement Strategy Development

Setting procurement goals and objectives
Developing procurement strategies that align with business goals
Assessing internal procurement capabilities and identifying gaps
Identifying potential risks and developing risk management plans

Module 3: Supplier Identification and Evaluation

Understanding supplier capabilities and performance
Conducting supplier research and due diligence
Evaluating potential suppliers using objective criteria
Developing supplier selection criteria and processes

Session 02

Module 4: Contract Negotiation and Management

Negotiating contracts that maximize value and minimize risk
Key contract terms and clauses
Contract management best practices
Developing effective supplier communication and collaboration

Module 5: Supplier Relationship Management

Developing effective supplier relationships
Managing supplier performance and identifying improvement opportunities
Collaborating with suppliers to achieve business goals
Managing supplier disputes and conflicts

Module 6: Procurement Performance Measurement

Identifying key performance indicators (KPIs) for procurement
Measuring procurement performance using data and analytics
Identifying opportunities for improvement and making data-driven decisions
Communicating procurement performance to stakeholders

Module 7: Technology in Private Procurement

Emerging technologies in private procurement management
Understanding the benefits and limitations of technology
Implementing procurement technology solutions
Managing procurement data and using data analytics to inform decision-making

Instructor's Profile

Imon Chandra Banik

Imon is a young professional with more than 7 years of proven work experience in the field of Accounting, Finance & Procurement in both corporates and NGOs. Currently, he is leading the Finance Department at Panorama Management Advisory Services LLC as Financial Consultant. He holds a BBA & an MBA degree with specialization in Finance from Asian University of Bangladesh (AUB)...

Mentor Details