This course is part of the Certificate in Supply Chain Management (SCM) program. In this course participants will learn how to form strategic sourcing decisions, utilize various methods of procurement and manage the competitive bidding process. Participants will learn about each stage of the process and the important factors, considerations and activities at each stage. This course will provide participants with knowledge and skills that will help them design, prepare, solicit and evaluate submissions and navigate complex procurement scenarios through case studies and discussion.
On successful completion of this course you will be able to:
- Analyze markets, suppliers and commodities in order to define strategic planning and sourcing decisions.
- Describe various methods of procurement and the design, preparation, solicitation and facilitation of a fair, open and transparent competitive bid process.
- Identify the legal and legislative aspects of sourcing and competitive bidding.
- Explain various bid evaluation and bid selection techniques.
- Apply tools that support the fair, open and transparent assessment of bid submissions.
The course topics includes:
- Legal aspects of competitive bidding
- Market, suppliers, and commodity analysis
- Strategic planning of sourcing decisions
- Developing specifications and scope of work
- Bid solicitation, design, and preparation process and methods (e.g., RFP, RFQ, RFT, RFI, RFEI, RFSQ, VOR, etc.)
- Developing bid criteria and evaluating bid submissions
- Sustainability, green initiatives, and 'Leadership in Energy and Environmental Design' (LEED)
- Cooperative purchasing
- Attendance for 30 hours of class time
- Assignments as assigned (40%)
- Participation (10%)
- Final examination (50%)
Applies Towards the Following Certificates
- Certificate in Supply Chain Management : Required Courses