MANAGING PROCUREMENT
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:
• vendors
• consultants
• suppliers
• contractors
• 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 ...
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