Procurement for Contract and Project Managers: An In-Depth Exploration

This Skill Bit shows that procurement is essential for organizational success, encompassing activities like sourcing, negotiation, and legal management to acquire goods and services efficiently. Key components include finance and cost management, operational procurement, contract and supplier management, category management, and procurement strategy. Project management principles and digital technologies enhance procurement processes. Each aspect ensures cost control, compliance, and supplier relationships, ultimately boosting operational efficiency and strategic alignment with organizational goals.

Duration approx. 4 Min.

Tier: advanced

A part of Procurement for Contract and Project Managers course.