Define procurement and contract management

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Reference no: EM133028449 , Length: word count:4000

R/618/0226 Procurement Risk and Contract Management

Learning Outcome 1: Understand the core concepts of procurement and contract management.
Define procurement and contract management.
Examine the principles of procurement and contract management as applied to a large multinational organisation.
Evaluate the importance of sustainable procurement.

Learning Outcome 2: Be able to critically evaluate procurement operating environment and legislation.
Assess the impact of legislative frameworks on procurement in the impact public and private sector.
Critically assess the role of European Union in procurement.
Evaluate the importance of establishing ‘Contract Procedure Rules' and applying financial regulations

Learning Outcome 3: Understand the management of procurement operations.
Discuss the key principles and application of category management.
Critically assess the impact of technology on procurement operations.
Examine the use of electronic promotion of contract opportunities and electronic tendering.
Explain the various risks associated with e-tendering.

Learning Outcome 4: Understand the risk management process in procurement and contract management.

Evaluate the risk management factors that impact on procurement and contract management.
Evaluate frameworks of risk assessment in relation to procurement.

Scenario

GLP a newly established procurement firm, has approached an UK based prominent consultancy firm DTS to assist in managing the challenges the organisation faces in the next five years due to changes in the political, social and economic factors in the UK. You work as a Senior Analyst in the firm. Your line manager has allocated this firm to your workload and asked you to produce a detailed report that should resolve GLP's queries.

Task 1

Instructions
Your report should consist of two sections containing the following:

Section A

1. Define procurement and contract management.

2. Examine the principles of procurement and contract management as applied to a large multinational organisation.

3. Evaluate the importance of sustainable procurement.

4. Assess the impact of legislative frameworks on procurement in the impact public and private sector.

5. Critically assess the role of European Union in procurement.

6. Evaluate the importance of establishing ‘Contract Procedure Rules' and applying financial regulations.

Section B

1. Discuss the key principles and application of category management.

2. Critically assess the impact of technology on procurement operations.

3. Examine the use of electronic promotion of contract opportunities and electronic tendering.

4. Explain the various risks associated with e-tendering.

5. Evaluate the risk management factors that impact on procurement and contract management.

6. Evaluate frameworks of risk assessment in relation to procurement.

Reference no: EM133028449

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