Procurement Courses

What is Procurement?

In its simplest form, procurement refers to the process of making purchasing decisions, particularly under unfavourable economic conditions.

There are many stages to procurement, and the individual business strategy, of course, varies depending on the business needs and size. However, the procurement process usually follows the same structure and consists of numerous stages.

Procurement professionals (whether it’s primarily a team or a procurement officer) will ensure that every stage is carried out properly. One of the key aspects of procurement which will determine whether you have good business acumen is supplier management. Developing a good supplier relationship and being able to get the best deal, keep track of goods and services and maintain a good chance of being ahead of the competition. After all; if the suppliers like you, you are onto a winner.

What is Tendering?

Tendering is a term often heard in procurement activities, and it refers to the procurement of goods and services by businesses in the public sector. The tender process, however, solely refers to exploring the extended market and seeing which products need, getting quotes from vendors and often developing a good supplier relationship. Public bodies will try to get the best value products and services in order to lessen the strain on public money and ensure that it is going to the right places. It is therefore important that the contracting authorities they are working with are cost-effective and use resources efficiently, and that supply chain management is considered in order for the general public to access the products and services they need.

What Careers Are Available in Procurement?

There are a variety of roles available in procurement, as this essential process is key to the smooth running and success of businesses. From reaching out to potential suppliers to inventory control and contract management, each step of the process needs to be completed to the highest degree in order for the best value products and services to be obtained.

You can work within large businesses, in public procurement or with local businesses, and there is always the need for more procurement service experts. Many companies require a bachelor’s degree, and having one in a relevant subject such as business, logistics or mathematics is great. If you don’t have a degree however, then don’t worry, as there are a range of online courses and certifications you can achieve in order to boost your skills and knowledge. Once you have gained some knowledge or experience in the field of procurement, you can embark on a career as a

• Procurement Associate
• Procurement Specialist
• Procurement Manager

For our guide on becoming a procurement manager, click here.