Procurement in Practice | Free Udemy Course

Author credentials and a welcome note.

We'll review a few helpful definitions of Agile to avoid an ambiguous or unclear understanding of this methodology.

We will exercise in qualifying typical procurement processes and artifacts for being Agile or not.

We will review critical differences between the Legacy (Waterfall) and Agile project implementation to understand the cultural shift in approach to value delivery.

With the help of simple mathematics, we will prove that the true cost of Agile procurement constitutes 3% - 34% of the lifetime revenue of a product.

We will analyze a case of a SaaS app to calculate the revenue loss due to 3-month RFP and compare it with the procurement savings.

We'll recall the Iron Triangle of Project Management and use it to explain the differences between Agile and legacy (Waterfall) projects.

This lecture will propose a realistic view of Agile supplier selection.

We will apply the Agile supplier selection process in the context of office renovation.

We'll propose how to negotiate fixed-scope projects using the value-centric approach.

We'll define Reverse Marketing and compare it with the traditional Buy-Sell approach.

We propose another memorable presentation of the differences between Strategic Procurement and Purchasing.

We'll test your procurement profile based on a practical case of IPad purchase requisition.

We will review all stages of procurement cost evolution and the factors influencing it.

We'll explain the benefits of the Sourcing Strategy and its critical contents. A sourcing strategy template is attached to this lecture.

We'll map procurement's journey in the last decade by evolving from simple cost-cutting to complex value delivery.

Procurement's supplier selection process evolved from the lowest bid to a value-based approach.

We'll discuss the practical case of the TCO of IPad delivery.

We'll conduct another exercise to understand the differences between the lowest bid, TCO, and Value-Based supplier selection.

We will justify a choice of a newer and more expensive model of an air-conditioner with the help of TCO and value-based procurement.

We will use the NPV approach to prepare for negotiations with the supplier of air conditioners from the previous exercise.

We'll apply the variety of sourcing levers to negotiating the corporate mobile communication agreement.

We'll review different layers of spend.

We'll conduct an exercise to study ways of providing long-lasting value output in procurement.

We'll study the notions of tail spend and buying channels.

We'll study the taxonomy of buying channels.

We'll review a typical buying channel framework you may use in a category strategy.

We'll try to analyze the spend profile to come up with improvement ideas.

Lean Manufacturing provided a valuable tool to optimize governance and business processes - Value Stream Mapping. We'll conduct an exercise to test this tool on construction tenders.

This section contains the slide deck copy for this course.