Managing procurement involves acquiring products, services, or results from outside the performing organization (project team). Even in the most sophisticated training organizations, there are services that require expertise from a vendor, such as the implementation of a large-scale learning management system.
The training team, in conjunction with the purchasing department, is involved in the procurement process, which involves negotiating with and managing:
• other third parties.
Vendor management can be very challenging due to complexities that arise involving:
• drafting legal contracts
• working with temporary resource firms who serve as referral agencies for contractors ...