**Procurement**: - Focus: Procurement is a broader process that encompasses purchasing but extends beyond it. It involves strategic planning, sourcing, negotiating, and managing relationships with suppliers. - Scope: Procurement involves analyzing the organization's needs, identifying potential suppliers, evaluating contracts, and ensuring alignment with organizational goals. - Goal: The primary goal of procurement is to optimize the entire supply chain to achieve long-term value, mitigate risks, and support organizational objectives. In simple terms, purchasing is like going to the store to buy groceries, while procurement is like planning the entire shopping list, finding the best stores to buy from, negotiating deals, and making sure you have everything you need to cook a great meal.
hi, how was your interview? I am interested in this field and I have had an interview in purchasing this morning..BTW I would like to make friends with people who is working in this field and you are all welcome...please feel free to text me
Its really useful video.. Sir, can you explain "What is Procurement’s contribution to successful execution of Lump Sum project so that it is completed within agreed schedule and budget?"
If i may, Procurement is key to the delivery of projects. A lumpsum project here is a project in which the contractor is paid fully for all aspects of the project including the procurement. Some projects are called EPC (Engineering, procurement, and commissioning). Hence, the contractor manages the procurements for the project as part of the contract. This implies that the impact of procurement on the delivery of the project is key. A major scope managed in this that poses a big threat is the management of long lead items (LLI)which are items required at a certain time of the project but there procurement will take a very long time. For example are specially custom parts which may be manufactured abroad. The time and risks involved in this singular item can greatly delay the completion of the project, therefore such items are manages separately and their procurement is started long before it is needed, in other to make sure it arrives in time. When such items are mismanaged or experience delays in delivery, they can have huge schedule and budget impacts on the project. I hope I was able to throw some light. Question is old, but it at least got an answer for readers. Thank you.
can i ask? first what is the meaning of average procurement performance? and leading procurement performance? what attribute differences between average and leading procurement performance?
So simple and straight to the point. this video is perfect
Found the Best Explanation on Procurement. After checking few Videos. 🙏🏻
Thanks man 👍
Interesting
@@Educationleaves hi there, liked the video. I am interested in learning procurement. Where can I begin? Thanks
Keep doing peoples are leaning more thank you sir my name nafiu from Nigeria I am the member of procurement I am in one hundred level
Good. Video but the computer generated voice makes this difficult to listen to.
Thanks for clarification on procurement!!
**Procurement**:
- Focus: Procurement is a broader process that encompasses purchasing but extends beyond it. It involves strategic planning, sourcing, negotiating, and managing relationships with suppliers.
- Scope: Procurement involves analyzing the organization's needs, identifying potential suppliers, evaluating contracts, and ensuring alignment with organizational goals.
- Goal: The primary goal of procurement is to optimize the entire supply chain to achieve long-term value, mitigate risks, and support organizational objectives.
In simple terms, purchasing is like going to the store to buy groceries, while procurement is like planning the entire shopping list, finding the best stores to buy from, negotiating deals, and making sure you have everything you need to cook a great meal.
Very helpful video, Keep on doing these beneficial videos with that clear and simple explanation.
Thanks!
I love this tutorial video... Straight to the point ✊.... Thanks!
Great Video , straight to the point and very informational
Thank you!
Bot
Thank you this is very useful and knowledgeable.
Ur welcome!
This video showed us golden information
Thank you!
Great video! Will share it with our future clients.
great content this will be very useful for my interview
Thanks!!
hi, how was your interview? I am interested in this field and I have had an interview in purchasing this morning..BTW I would like to make friends with people who is working in this field and you are all welcome...please feel free to text me
Wowwwww i understood thank you ,it was just clear and straight forward
Thank you very much, very clear and to the point.
1 year long course then graduate confused and tell you , you have to get experience 🤣
Am studying Procurement and Supply in the tertiary its a fine courses
Thank you so much, for this useful video.
Most welcome
Must say really really helpful to understand the concept. thank you so much for sharing the details! really appreciated!
Glad it helped!
Great simple to understand video
Hi, I like the video on procurement. It is a good subject to discuss and study.
Very useful 🔥💯😎....Thank you 💯🔥💯
Most welcome ❤
Very very useful thank you so much for sharing
Anyone engineer here from Procurement?
Logistics
@@turnocent_Bhardwajare you from which branch
is it possible to switch career from Procurement to Engineering?
Thank you for your video 📷
Very useful and well explained .
Thanks! it was helpful.
Glad it helped!
Thank u looks good and very informative
Most welcome
Thank you, very helpful
You are welcome!
Thank you, very helpful.
thank you a lot it's very useful
Ur welcome!!
Thanks for information
Exlent program for me thank you so much
thanks, it's really helpful
You are welcome!
Great Video, easy to understand
Thank you!
Very helpful.
Thanks
Ur welcome!
Very nice easy to understand
Thanks❤️
Really Good explained and cover lots of things. 👍👍
Thanks!
Great video
Very nice video
Thanks!
thanks this will help for all beginner levels
Wow nice explaining...i like ur videos
Thank you so much!
Nice learning
Which software you use for video making and sound
very very helpfully, Thanks Alot
You are welcome!
Its really useful video.. Sir, can you explain "What is Procurement’s contribution to successful execution of Lump Sum project so that it is completed within agreed schedule and budget?"
If i may, Procurement is key to the delivery of projects. A lumpsum project here is a project in which the contractor is paid fully for all aspects of the project including the procurement. Some projects are called EPC (Engineering, procurement, and commissioning). Hence, the contractor manages the procurements for the project as part of the contract.
This implies that the impact of procurement on the delivery of the project is key. A major scope managed in this that poses a big threat is the management of long lead items (LLI)which are items required at a certain time of the project but there procurement will take a very long time.
For example are specially custom parts which may be manufactured abroad. The time and risks involved in this singular item can greatly delay the completion of the project, therefore such items are manages separately and their procurement is started long before it is needed, in other to make sure it arrives in time. When such items are mismanaged or experience delays in delivery, they can have huge schedule and budget impacts on the project.
I hope I was able to throw some light.
Question is old, but it at least got an answer for readers. Thank you.
Sir am not able to find PDF download option
This is very help full forme
Thank you!
very good thnks
Make the speed 1.25x and enjoy
thanks for sharing
My pleasure
danko! it means thank you
Does making process of supply chain mgt includes procurement?
Yeah it’s part of supply chain...check out my video on order management and supply chain management.
very useful
Thank you!!
good video
@Educationleaves how can I have the PPT with the visuals
AWESOME
Thank you!
GOOD INFO
Thank you!!
Please make video visual merchandising
Thank u sir India
This is useful
Thanks
can i ask? first what is the meaning of average procurement performance? and leading procurement performance? what attribute differences between average and leading procurement performance?
ich liebe dich
Guess what I typed
@@gagankumara6003 W for effort
Hi sir, is there anyone providing procurement quality training courses in India?
Please make videos
Up selling
Down selling
Cross selling
good
Sir aap aapna voice dalte to Jayda aacha hota 👍
Where is the pdf link?
Was of benefit to me
Glad to know that 😊
Tnkx
Welcome
simple
Wheresthe pdf?
nice
Thanks!
I need job in this field any one help me ..
Same here
Я НАДЕЮСЬ , ЧТО РЕБЯТА ИЗ РАНХИГСА ВИДЯТ ЭТОТ КОМЕНТ , ГОТОВЬТЕСЬ, ТАМ 18 СЛОВ))))))))
Why did you use a robotic voice?! It completely destroyed your video🫤
Noiceee
The robot voice is horrible. Please change it.
thanks, it's really helpful
You are welcome 🙏
Make the speed 1.25x and enjoy
Where is the pdf link?
check now...and thanks for reminding me.
@@Educationleaves help with pdf plz if not mind
@@salimmuhammadbukhit9462 Go through the pdf link in the description.