Achieving Value-for-Money In Your Procurement Decisions Course Details

Our presenters will illustrate the 2 days with examples of actual projects and will encourage interaction to discuss specific questions relating to procurements in your organisation. They will also show you how to use proven techniques to model and analyse your procurement decisions and arrive at conclusions consistent with HM Treasury Green Book and EU Directives on Public Sector Procurement.

The workshop demonstrates a proven process that

• identifies the best value-for-money option every time
• gets stakeholder buy in to the process and commitment to the outcome
• justifies buying the best solution for your requirements; not necessarily the cheapest
• accelerates procurement delivery whilst lowering risk
• provides auditable decisions and robust outcomes
• expedites pre-evaluation of suppliers
• evaluates tender responses against pre-set criteria to demonstrate Best Value
• works in a way that is recommended by the ODPM & HM Treasury

What is the process?

At the core of VFM in Procurement is Multi-Criteria Decision Analysis (MCDA) and Decision Conferencing, the social science of decision-making. MCDA software and a range of processes have been developed to turn the science into a range of practical solutions to address complex procurement requirements. The techniques and software solutions have been optimised to develop stakeholder buy-in whilst identifying the best value-for-money solutions for each specific organisation. VFM in Procurement is designed to empower the organisation to make faster, cheaper, better and more efficient procurement decisions that deliver open, transparent and auditable outcomes.

How can this process help?

By using software tools that model the options and evaluate them against your chosen criteria or by supporting your approach to procurement with proven social group processes that can help to streamline activities; these techniques are the answer for all your procurement project needs, taking care of your requirements to deliver Best Value or Smart Acquisition.

These proven and recognised techniques support and underpin the key objectives of Best Value, ensuring that procurement decisions are based on sound open and auditable processes, which can achieve robust results that deliver value-for-money solutions.

Our VFM in Procurement workshop will show you how to deliver the requirements of Best Value and Smart Acquisition for relatively straightforward purchases, complex systems or even portfolios of projects. It will also demonstrate how these techniques can also be applied across an organisation or department achieving Best Value considering all of the procurement requirements as a portfolio.

Decisions arrived at using this approach typically achieve a 30% improvement in value-for-money for the same level of resource. Our structured decision making techniques have been applied to many core areas of Public Sector Procurement including:

• Bid Evaluation
• Tender Specification
• Criteria Prioritisation
• Project Appraisal
• Outcome Scenarios
• Vendor Selection
• Contract Award
• Trade-offs and Negotiation
• Procurement Project Management