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 the continuous supply of goods at nominal prices.

Bid management involves management around two key concepts—knowledge flow and people. It revolves around the management of the bidding process and often involves the use of bid management tools to automate the process and make it smarter and more defined. Procurement planning and bid management are closely related because most bids are related to the contracts for the supply of raw materials and/or goods to organizations.

This course will empower you with in-depth knowledge and understanding of procurement planning and bid management, thus preparing you to handle multiple functions and responsibilities for your organization, fostering growth and development. The course covers all critical aspects of procurement and bid management, which will equip participants with all possible knowledge and information to successfully win bids for their organization.

The main objective of this Procurement Planning Process and Bid Management course is to empower professionals with—

• Detailed knowledge and understanding of all important concepts and practices related to procurement and bid management
• The required information and knowledge of the procurement process to ensure continuous and seamless flow of raw materials and goods, thereby ensuring timely delivery to customers
• The necessary skills and capabilities to manage the bidding process for one’s organization to get the best deals at the best prices and also to get the best contracts for one’s organization
• The required thought process and perspective to thoroughly investigate and pre-empt all challenges and risks that may arise in future and make provisions to mitigate these
• The capabilities, knowledge and experience to train other professionals on procurement and bid management
• The knowledge and understanding of various procurement methods and choosing the best method that would be apt to apply in any given situation
• The required capabilities and skills to contribute to organizational growth through reduced costs and increased customer satisfaction
• The skill and knowledge to apply effective bid management tools for a seamless and error-free bid management process

• Managers, purchasing managers and supervisors involved in procurement planning and/or bid management
• Employees working and performing various functions related to procurement planning and/or bid management
• Senior management of an organization responsible for making critical decisions related to procurement and/or bid management
• Vendors and suppliers involved at various stages of the supply chain
• Finance advisors and managers handling costs and expenses for their organization
• Potential investors who need to understand the procurement plans and bid management processes of an organization to make effective investment decisions
• Any other professional interested in knowing more about procurement planning and bid management

• Principles of Procurement
• Types of Procurement Methods
• Steps in the Procurement Process
• Types of Bidding
• Tips for Successful Bid Management
• Five Steps in Bidding Process
• Skills of a Bid Manager
• Benefits of Bid Management Tools
• Challenges of Bid Management