Procurement Fundamentals

Learning Outcomes

Goods, Services and Works – What is procurement? This topic defines the procurement concepts of goods, services, and works, and examines how we buy these on behalf of an organisation.

Buying on behalf of an organisation – When buying on behalf of an organisation we need to think about prioritising resources effectively and managing risks within the process.  Here we look at the concepts of trust, supplier relationships, due diligence, supply issues and categorises of spend.

Is it as easy as it sounds? – Is it as easy as it sounds? The consequences of mistakes or supply chain failures can be serious and have broad supply chain failures can be serious and have broad consequences.

Professionalism and the discipline of procurement – This topic places the procurement process in the context of transparent decision making, fairness and accountability, obtaining value for money.  It explores the personal attributes and skills required by someone carrying out a procurement as a first defence to risk.

Procurement Cycle – We can manage responsibilities and risks in each stage of the procurement cycle.  Learn about the end-to-end process of the procurement cycle, from ‘analyse’ to ‘manage’.

Legal Framework – Do you understand the basic legal framework for Social Value, competitive, bribery, and modern slavery? And the principles and jurisdictions of public sector regulations? This topic will provide you with a basic overview of the public sector procurement rules.