Procurement management has a significant impact on the capacity of organisations to optimize resources and achieve their set objectives because procured goods and services form the highest percentage of expenditure. It is therefore vital to achieve value for money by careful appraisal and management. However, personnel in charge of procurement management are not often sufficiently equipped with the underlying strategic concepts and methodologies that link stakeholders’ expectations and requirements with vendors’ delivery and performance while optimizing the value from vendors and contracts with
specific actionable improvements and measurable value.
This training offers participants from the private and public sectors the knowledge capacity that is needed to develop management and strategic skills in procurement and increase value for money.