Objective: Understand procurement principles, processes, and strategic importance.
- Introduction to Procurement Management
- Role of procurement in organizations
- Procurement vs purchasing
- Procurement Lifecycle
- Need identification → sourcing → contracting → payment.
- Procurement Models
- Centralized vs decentralized procurement
- Ethical Procurement & Compliance
- Transparency, fairness, anti-corruption principles
- Procurement Strategy Alignment
- Linking procurement with organizational goals
Activity: Map of a procurement process for a sample organization
