Procurement Techniques & The Trust Between Supplier and Buyer

The companies aim to increase the company's revenues by developing effective purchasing strategies and techniques in a cost-effective manner. In order to achieve the ideal procurement techniques for companies, products and services purchased must account for more than 60% of their total costs. A candidate for a cost reduction process, e-procurement techniques are encouraged as a way to reduce these costs, but are unlikely to operate in the absence of a trust relationship between the supplier and the buyer.

Determination of contractual specifications is considered as the basis of procurement process, as any  specification or description, that is poorly mentioned or stipulated, would definitely be a major reason for companies' failure in delivery of goods and services required by the client. Contractors, suppliers,  and  vendors  often  use  contract  specifications  and  the  related conditions  as  an  opportunity  to  submit  claims,  complaints,  and  require alterations and amendments of the works, or products and services.

Therefore, this course entitled "Procurement Techniques & The Trust Between Supplier and Buyer" is intended to develop the basic skills for forming specifications  of  contracts  and  procurement  agreements,  in  addition  to explaining the significance of such contract specifications, and their impact on the overall procurement process.