PROFESSIONAL DEVELOPMENT SERIES

• Understanding procurement needs
  - Organisation’s strategic use of procurement
  - Bottomline vs Objectives
  - Evolution of procurement
  - Types of procurement
  - Kraljic Procurement Portfolio

• Calculating cost and pricing
  - Cost vs Price
  - Different cost components
  - Understanding supplier interests
  - Total lifecycle costing

• Applying operating budget
  - Budget
  - Budget plan vs procurement plan

• Specifying requirements
  - Requirements vs Specifications
  - Types of specifications
  - Importance of specifications
  - Specifications went wrong

• Developing effective specifications
  - Key characteristics of specification writing
  - Effect of words
  - Consideration for rules vs guidelines
  - Writing the specifications

• Defining key performance indicators (KPI)
  - Importance of KPI
  - Defining KPI - SMART

• Applying contract terms and conditions
  - Nature and role of contract
  - Interpreting key terms
  - Managing contract

• Assessing price arrangements
  - Right price
  - Pricing models: Fixed vs Variable
  - Payment terms

Who Should Attend?
Procurement officers tasked with the critical role of finding the best value-for-money offers.

Methodology
Participants are guided through practical steps of the topic with a combination of short lectures, case studies, videos, audio, role-play, games and quizzes.

Mr Rick Chong has over 15 years of experience in procurement and supply chain where he has successfully led procurement operations, cost savings initiatives, reorganisation projects, system integrations, training and consultancy.

Rick is held in high esteem in the public sector in Singapore due to his stint in the Ministry of Finance where he rewrote the procurement policy and his implementation of his Procurement Competency and Training Framework for all the procurement executives in the Singapore government.

Having lived and worked in many countries, including Germany, Portugal, Vietnam, China, Hong Kong and Thailand, Rick has a wealth of experience training in different countries and different cultures. One of the more outstanding projects done by him was the cost savings of a million dollars on raw materials during his time with Singapore Airlines. Armed with the implementation experience of revamping the procurement process for HTL International, he went on to qualify as an SAP consultant and used his knowledge to implement the electronic purchase request system for A*STAR. The system helped to reduce cost by an estimated $100,000 a year.

1. As a SDF-Approved course, you can claim up to S$28 for this course from WDA.
   Click here for a step-by-step guide.
2. Use your SkillsFuture Credit! For user guide on how to claim SkillsFuture Credit, please click here.
   

“I have gained a clearer understanding about the procurement process and writing of specifications. The concepts will help me to ensure that I write better and clearer specifications.”
- Ms Siti Suraiyah Binte Mohamad Azmi, Senior Executive, Republic Polytechnic

“I have learnt about the information and techniques required when writing up specifications, and will be more specific with my requests.”
- Mr Muhammad Salihin Bin Rasol, Escort Officer, MHA, Prisons HQ

“The trainer highlighted the do’s and don’ts to look out for during the procurement process.”
- Ms Janice Ng, Admin Executive, AWWA Pte Ltd