CONTINUING PROFESSIONAL DEVELOPMENT CPD NO. 01 – 2024/25

General Abstract:

Strategic procurement is essential for developing and implementing appropriate procurement methods that achieve project objectives efficiently while ensuring value for money. It typically involves analysis of various options, careful decision-making and selecting most appropriate options, thorough planning and execution. The options analysis involves understanding a project, gathering data related to internal and external operating environments of the procuring entity, market behaviour and key risks. Utilizing this data, potential strategic procurement options are developed and evaluated for their suitability, acceptability and feasibility. Strategic procurement options further evaluate several areas such as works distribution (packaging), procurement method, market approach, tender evaluation strategy, contract and payment modality, contract management approach once awarded, etc. Appropriate deployment can lead to reduced procurement time, enhanced quality, increased value for money, greater fairness and improved transparency.

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