The Basics of Procurement Management

RELATED ARTICLE

PROCUREMENT MANAGEMENT

VLOGS - LOUNGING AROUND

SHOP FOR PMP AT AMAZON INDIA

PMP STUDY PLAN

PMP PREPARATION RESOURCES

CONNECT

#PMP #ProcurementManagement #PMCLounge

[jatinsaini]

After watching it, I was astounded by the ability of this quick film on procurement management to convey a comprehensive understanding of the underlying concepts. The film did an excellent job of emphasizing the significance of contract management, supplier selection, and strategic sourcing in the procurement process. It emphasized the need of developing trusted relationships with suppliers, negotiating favorable terms, and ensuring compliance with norms and moral standards. The film also emphasized the benefits of smart procurement practices in terms of cost savings, risk reduction, and increased efficiency. I learnt a lot about the procurement process's various stages, such as the request and purchase order. Overall, this video expanded my understanding of procurement management and demonstrated how important it is to achieving company goals.

[varjotmundi]

After viewing the procurement management video, I was genuinely impressed with its ability to convey complex concepts clearly and concisely. The video effectively outlined the significance of contract management, supplier selection, and strategic sourcing in the procurement process. It emphasized the importance of nurturing trust-based relationships with suppliers, securing favorable terms, and maintaining ethical standards.

Furthermore, the video underscored the advantages of adopting intelligent procurement practices, including cost reduction, risk mitigation, and increased operational efficiency. It provided valuable insights into the various stages of the procurement process, including requests and purchase orders. In summary, this video substantially enhanced my understanding of procurement management's critical role in accomplishing organizational objectives.

[rajeevreddy]

Best video of procrument i had never seen like this.

[SaloniSingh-xv]

Thankyou for clarifying my doubts on procurement management process in a simple way, as you divided it into three processes which are plan, conduct and control. in detail plan procurement management is the process of documenting the purchase decisions, specify approach and identifying potential sellers. where the next process is conducting procurement in which we obtain sellers response and last step is control procurement in which we manage our relationships.

[arshdeepbrar]

I was thoroughly impressed by the concise and informative nature of the procurement management video I watched. The video effectively highlighted the key concepts associated with contract management, supplier selection, and strategic sourcing within the procurement process. It stressed the importance of establishing trust-based relationships with suppliers, securing favorable terms, and upholding ethical standards.

Additionally, the video underscored the benefits of smart procurement practices, including cost savings, risk mitigation, and enhanced efficiency. It provided valuable insights into the various phases of the procurement process, such as the request and purchase order stages. Overall, this video significantly expanded my comprehension of procurement management and underscored its vital role in achieving organizational objectives.

[Mandeep-]

This video is best to understand the basic concept of procurement management moreover before that i have doubts in this topic but after watching this video clear my every single doubt in simple way ....Thank you for providing this video

[prabhjotkaur]

I was amazed by the capacity of this brief video on procurement management to provide a clear knowledge of the underlying ideas after seeing it. The movie did a good job of outlining the value of contract management, supplier selection, and strategic sourcing in the procurement process. It emphasised the value of building trusting relationships with suppliers, securing advantageous terms, and guaranteeing adherence to rules and moral standards. The movie also emphasised the advantages of cost savings, risk reduction, and improved efficiency achieved by smart procurement practises. I learned a lot about the several phases of the procurement process, such as the request, purchase order. Overall, this video broadened my understanding of procurement management and highlighted how crucial it is to accomplishing organizational goals.

[kanchanrawat]

I'm glad that I found your video on YouTube because I had a few doubts about procurement in project management and it got cleared that why it stands out from other knowledge areas and what tools are needed in this domain to get successful

[nanaksinghmahal]

I Watch this video on procurement management and I learn so much about this topic with good examples .moreover they sharing their video in such an easy way . So thanks you so much for making this video

[poojachaudhary]

Thanks for clearing why Procurement management stands out of other knowledge areas. This clearly explains the knowledge area of procurement management and it's type.

[Jaspreetkaur-ph]

Really very informative video on basics of procurement management. I was unaware of the fact that we should also participate eventhough we hired another company. one more thing is everything in the video is explained in a very simple way. I really liked it.

[Harpej_singh]

Excellent breakdown of procurement management! This video really highlights the importance of strategic procurement in optimizing costs and ensuring quality in supply chain operations. Great insights!"

[SN-swdn]

Excellent video, simple yet comprehensive!

[GurpreetSingh-xdwv]

Hi!! I have never seen this kind of easiest way of explaining the basic principles of Procurement Management. I have just got so many points and ideas related to procurement by watching this tiny video. Lastly, it does not have any complication method to get the purpose of Procurement Management.

[kurukuru]

thanks was make this video, i dont know at all about procurment but i got job as a procurement admin, thankyou

[thedarkestknightx]

I Found this video on procurement management basics very informative. It was interesting to learn that it's important to participate. Additionally, I appreciated how the video presented everything in a simple way, making it easy to understand. Overall, it was a great video that I really enjoyed. Thank You

[AravindaJoginapalli]

Your videos are very helpful. Thank you for creating them and that too for free. I really appreciate your hard work.

[sumanpreet]

You explained this topic very simply and it is beneficial for me to know more about this. Thank you so much.

[rajvirkaur]

The video conveys that procurement management encompasses a spectrum of activities, including planning, sourcing, selecting suppliers, negotiating contracts, and managing the entire lifecycle of goods and services. Its goal is to secure resources in a manner that is both cost-efficient and timely, all while upholding quality standards and adhering to regulatory and ethical guidelines. By executing procurement effectively, one can mitigate risks, optimize value, and cultivate positive relationships with suppliers, ultimately contributing to the success of projects or businesses.

[tanukanyan]

This video tells us that procurement management encompasses the planning, sourcing, supplier selection, contract negotiation, and lifecycle management of goods and services. It aims to achieve cost-effectiveness, timely acquisition, and quality resources while adhering to regulations and ethical standards. Effective procurement minimizes risks, maximizes value, and fosters positive supplier relationships to contribute to project or business success.