Blog Archives

Administer Procurements

April 20, 2010
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Introduction Once procurements have been initiated by awarding a contract to a seller, it has to be managed through to fruition; the Close procurement stage. The administering of the process takes a lot of doing. It is crucial too. We have already seen how the success of procurement is intertwined with the success of...

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Outputs of Conduct Procurement

April 19, 2010
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Introduction Conduct procurements process is all about tying up the procurement. That includes finding and selecting a suitable vendor and then finalizing a contract with him to deliver the item in time and with acceptable quality. The outputs that must be generated by the complete process include a range of documents and document updates...

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Conducting Procurement Tools & Techniques

April 18, 2010
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Introduction There are some standard techniques an organization can use to bring a closure to the conduct procurement process. Typically what happens in this phase is that you need to locate some potential sellers, seek to find if some of them are interested in bidding, getting bids, evaluating them, creating a short list of...

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Inputs to Conduct Procurement

April 17, 2010
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Introduction A large set of documents are needed as input help define what is to be procured, how to procure them and how to close the process by using a particular type of contract. Organizational process assets moderate and define what exactly to be done. These documents contain the sum total of the organization’s...

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Conducting procurement

April 16, 2010
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Introduction Conducting procurement includes the processes of getting proposals, completing the seller selection and then awarding the contract to the selected vendor. Evaluating proposals obtained by previously defined selection process and selecting one or more sellers is what this is all about. The sellers thus selected are the organizations that are qualified to conduct...

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Time & Material Contracts

April 15, 2010
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Introduction These contracts are a kind of hybrid between a fixed price and the cost plus models. The model is to agree on some cost rates and use that to calculate total costs over a period such resources are used. Some legitimate expenses of material used in the contractual process are also payable. Hence...

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Source Selection

April 14, 2010
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Introduction Selecting the right source for a crucial procurement could easily make or break a project. Thus the criteria to evaluate and the evaluation process has to be very robust and be able to pick the right sources for the procurement action. There is a whole range of criteria that can be used. Quite...

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Procurement Documents

April 13, 2010
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Introduction Procurement documents are ones the buyer organization uses to solicit proposals from sellers. In a very general sense the terms bids, quotations and tenders are used when the seller is to be selected based on price mainly. These would typically apply to commercial and standard items. The term proposal is often used when...

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Procurement Statement of Work

April 13, 2010
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Introduction The statement of work is a document that defines the work to be undertaken by the seller to ensure the buyer can complete the procurement action. This being the very basis of the specific procurement action, it is essential that the document can define what is needed completely. This obviously has to be...

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Procurement Management Plan

April 12, 2010
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Introduction Procurement management plans needs to cover all the aspects of the procurement processes. The activities that start with creating the procurement documents and end in procurement closure must all be covered in the plan. The plan can be formal or informal in nature. The details included could be a lot or some broad...

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