Fundamentals of Procurement
Course overview
The Fundamentals of Procurement course by DESLOG Training and Consulting Limited is designed to provide participants with a solid foundation in procurement principles, processes, and best practices. Procurement plays a critical role in organizational success by ensuring the right goods and services are acquired at the right time, cost, and quality.
This Fundamentals of Procurement training equips participants with practical knowledge of sourcing, supplier selection, contract basics, and procurement planning. In Nigeria’s dynamic business environment especially in sectors such as oil & gas, construction, manufacturing, and public sector effective procurement practices are essential for cost control, transparency, and operational efficiency.
Participants will gain hands-on insights into procurement strategies, vendor management, and compliance with procurement regulations, enabling them to contribute effectively to their organizations.
Who should attend
This Fundamentals of Procurement course is ideal for:
- Procurement Officers and Purchasing Staff
- Supply Chain and Logistics Professionals
- Storekeepers and Inventory Managers
- Project Managers and Engineers
- Finance and Administrative Personnel
- Entrepreneurs and Business Owners
- Entry-level professionals seeking a career in procurement
Course objectives
At the end of this Fundamentals of Procurement training, participants will be able to:
- Understand the core concepts of Fundamentals of Procurement
- Apply procurement processes and procedures effectively
- Identify and evaluate suppliers
- Understand sourcing strategies and purchasing methods
- Ensure compliance with procurement policies and regulations
- Manage supplier relationships and performance
- Reduce procurement risks and improve efficiency
Course outline
Module 1: Introduction to Procurement
- Definition and importance of procurement
- Role of procurement in organizations
- Overview of the procurement cycle
Module 2: Procurement Planning
- Needs identification and specification
- Budgeting and procurement planning
Module 3: Sourcing and Supplier Selection
- Supplier identification and evaluation
- Vendor selection criteria
- Request for Quotation (RFQ) and Request for Proposal (RFP)
Module 4: Purchasing Processes
- Purchase requisition and purchase orders
- Procurement documentation and approvals
Module 5: Supplier Relationship Management
- Vendor performance management
- Building long-term supplier relationships
Module 6: Contract Basics in Procurement
- Introduction to procurement contracts
- Key contract terms and conditions
Module 7: Procurement Ethics and Compliance
- Ethical procurement practices
- Nigerian procurement regulations and standards
Module 8: Risk Management in Procurement
- Identifying procurement risks
- Risk mitigation strategies
Benefits
Participants will gain:
- Strong foundation in procurement principles and practices
- Improved sourcing and supplier management skills
- Better cost control and purchasing efficiency
- Enhanced compliance with procurement policies
- Reduced procurement risks
- Increased career opportunities in procurement and supply chain
Frequently asked questions
What is Fundamentals of Procurement?
It refers to the basic principles and processes involved in acquiring goods and services for an organization.
Why is procurement important?
Procurement ensures organizations get quality goods and services at the best value while minimizing risks.
Who should take this course?
Anyone involved in purchasing, supply chain, logistics, or business operations.
Will I receive a certificate?
Yes, participants will receive a certificate from DESLOG Training and Consulting Limited.
How can I register?
You can contact DESLOG Training and Consulting Limited via phone, email, or website.
All our courses can run on a customised schedule
Regardless of the dates shown, we can arrange this training for your team at a time and location that suits you.