Nigerian Seminars and Trainings

Search all upcoming seminars, conferences, short management courses and training in Nigeria and around the World

business logo

Procurement Planning and Bid Management Course

By: LCL Coaches Consultants  

Lagos State, Nigeria

14 - 16 Jun, 2022  3 days

Follow Event

  

NGN 125,000

Venue: Interactive Online Live / On-Site Live in Lagos

Other Dates

Venue Date Fee  
Interactive Online Live / On-Site Live in Lagos, Lagos State, Nigeria 02 - 04 Aug, 2022 NGN125000

Procurement management or planning is an integral part of overall project management. It entails a detailed plan around methods to procure raw materials and goods necessary for the entire manufacturing process and strategies to maintain good supplier relationships for continuous supply of goods at nominal prices. Bid management involves management around two key concepts—knowledge flow and people. It revolves around management of the bidding process and often involves use of bid management tools to automate the process and make it smarter and more defined. 

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

Day One

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

Day Two

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

Vendor Integration

  • Vendor prequalification process
  • Vendor prequalification criteria
  • Legal criteria
  • Financial criteria
  • Technical criteria
  • Staff criteria
  • HSE criteria

Day Three

Vendor Integration

  • Service Level Agreements (SLAs)
  • Strategic partnering
  • Supplier diversity programs

Bid Evaluation and Selection

  • Bid management process
  • Bid evaluation criteria
  • Scoring systems and protocols
  • Selection and award
  • Total Cost of Ownership (TCO) for complex purchases
Interactive Online Live / On-Site Live in Lagos Jun 14 - 16 Jun, 2022
Interactive Online Live / On-Site Live in Lagos, Lagos State, Nigeria 02 - 04 Aug, 2022
NGN 125,000.00(Group Registration Discount Applies)
(Convert Currency)

Olusina Lajorin 09026713101, 08033241313

Group discount apply
Executive Olusina Lajorin

Related Courses

ISO 45001: Occupational Health and Safety Management System Course ISO 45001: Occupational Health and Safety Management System Course

5 days, 19 - 23 Sep, 2022 

2022-09-19 12:09:00 2022-09-19 12:09:00
Lagos State, Nigeria

LCL Coaches Consultants

ISO 45001 will replace OHSAS 18001, the world's former reference for workplace health and safety. Organizations already certified to OHSAS 18001 will have three years to comply with the new ...

Business Process Re-Engineering for Competitive Advantage Course Business Process Re-Engineering for Competitive Advantage Course

5 days, 21 - 25 Aug, 2023 

2023-08-21 12:08:00 2023-08-21 12:08:00
Lagos State, Nigeria

LCL Coaches Consultants

Consumers of goods and services expect to receive services that satisfy them at the lowest possible price.. To survive, every organization must retain its relevance in competitiveness. Organizations ...

Overcoming Personal Prejudices and Limitations for Executives: Release Refresh and Fly Coaching Overcoming Personal Prejudices and Limitations for Executives: Release Refresh and Fly Coaching

19 days, 04 - 22 Jul, 2022 

2022-07-04 12:07:00 2022-07-04 12:07:00
Lagos State, Nigeria

LCL Coaches Consultants

Overcoming Personal Prejudices and Limitations Coaching: Release Refresh and Fly Course Training Webinars, Designed for Professionals and Business people Who Need to Scale a Hurdle and Challenge in ...

Integrated Budgeting, Forecasting and Business Planning Training Integrated Budgeting, Forecasting and Business Planning Training

4 days, 13 - 16 Jun, 2022 

2022-06-13 12:06:00 2022-06-13 12:06:00
Lagos State, Nigeria

LCL Coaches Consultants

This course will allow the participant to explore and share with other participants new thoughts in the planning, control, and budgeting cycle, resulting in a renewed energy in returning to the ...