Training Procurement Planning and Bid Management
Training Procurement Planning and Bid Management
Course Overview
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. What is bid management? 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. Procurement planning and bid management are closely related because most bids are related to the contracts for supply of raw materials and/or good...