Time
3 hours 24 minutes
Difficulty
Beginner
CEU/CPE
4

Video Transcription

00:00
Welcome back to the county. A project close p k 00 before my name's Roberto Hilario. And I am your instructor.
00:09
So now we're gonna be working with procurement management
00:13
projects
00:15
get executed with the use or the aid of different goods and service is that are usually sourced from outside of the enterprise or outside of the project scope. Therefore, this resource is have to be searched for requested and,
00:35
um, their costs,
00:37
um evaluated, as well as the timeliness off the provider to produce them and deliver it to the to us.
00:46
So in this section, we are going to learn the process of identifying resource is selecting them the sources and now selecting and asking for proposals and selecting leaders for them.
01:03
Soap recruitment planning is essentially, um, when we decide how to deal with, um, our resource is, do we make a manufacturer or should we buy ready manufacturer?
01:18
How frequently, when and from whom
01:22
do I buy a standard set or die by customize
01:26
biola ones or ask needed?
01:30
So these are a few questions that we need to ask ourselves. Is it worth it
01:36
for us to make the product, or is it better to buy ready the finished product. Which one gives us less expense or less time to They balance each other out?
01:51
Well, I'm from whom is how early on in the project
01:56
or just in time for it to be delivered?
02:00
How do I buy it? And then home dough I buy from there are normally many alternatives. Um, if we're to buy mechanical tools, we could go to Home Depot, Lowe's, um, and many other hardware stores. True value. So which one?
02:19
Because it's the closest
02:21
because he's the one with the best pricing because the one that gives us the best credit terms.
02:27
Also, we need to decide if we want to buy standard custom. Standard means that it's a product that you practice. You can get it off the shelf
02:36
because they manufacture those involving or custom means that is going to be a one off, just
02:42
manufacturer for us.
02:45
Finally, Sure, I buy a head off or do I buy us? I need it.
02:51
Do I need? If I buy all at once, I need to consider also stocking dough. I mean, do I have warehouses to store this items? Um, do I have to order them one at a time because of their size or the way that they are deliver or their maneuverability is not
03:08
conducive to having them somewhere.
03:12
Just because it's more it looks better.
03:15
So these are good questions for us to ask. How does the process start?
03:22
We started the purchase planning
03:23
with an artist.
03:27
I request for information in on our eye. We go to our potential vendors and we present, um,
03:38
our need. This is what we want. Gifts think the vendor information supplied information about the need. It describes the purpose, the basic requirements general guidelines for a proposal, preparation and awarding criteria.
03:54
Now, a request for proposal is after the so many information requested, we have sent only a few of them respond, saying Yes, we can provide you with We manufacture this or we re sell this.
04:13
Then we choose a number of vendors with pliers
04:15
and then we send them off Duckman. That is very similar. But this one has
04:20
better specifications and has Maur requirements regarding the qualifications. And the ability to provide from the supplier
04:30
is as a source of insight
04:32
because, um, there are many circumstances in where someone is offering a product that they actually don't have. They will buy through 1/3 party, which they hope has. So there's no guarantee that this vendor A can really deliver
04:49
because he's depending upon 1/3 vendor that is not part of
04:54
off the process.
04:56
Similar as the request for information, he has basically requirements house guidelines for the proposal, preparation and the purpose and you awarding criteria.
05:05
Now, this is a good part. Request for quoth the request for quote is in where the quotes are
05:16
actually delivered.
05:18
So now the vendor has bean three classified. Now you're looking at pricing and other specifications that you have established.
05:30
And this is the final document that issues to evaluate, offer, um, part off this Is that a request for quote? I request Forbid,
05:41
um,
05:43
is that they have to know what the evaluation criteria would be.
05:47
The vendor background to participate,
05:50
the approach for the bidding and the submission deadline
05:56
I reported your question quote is the last step before a formal
06:01
process to engage in a contract.
06:05
Um, the building approach is varies depends on the company. Some some organizations, they do some sort of lottery, so they take one of the bidders randomly, and this is the one that is chosen.
06:21
In other circumstances, they look different factors like
06:29
reputation, other projects that they are engaged in to guarantee that there's gonna be a deliver, believe, be reasonable time into reasonable time they could looking to also if they have worked with competitors, because that creates a
06:47
a complicated situation because what if
06:51
the information that you're providing them, that is, maybe intellectual property gets linked to your computer? So all these things can be evaluated us? Well,
07:04
it's not always about the money, but about the other side benefits than we also receive.
07:13
So with this, we
07:15
and this section and we have learned how what approaches are taken to identify resources, to select sources in to evaluate proposals and selecting beaters,
07:30
We will see you in our next presentation.
07:33
Thank you for watching

Up Next

CompTIA Project+ (PK0-004)

The CompTIA Project+ course take students through a project’s lifecycle, introducing them to the knowledge and skills that are required to collaborate in project environments. Upon Completion, students will be prepared to pass the Project+ certification exam.

Instructed By

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Humberto Hilario
Information Security Manager and Director of Education at PC AGE Career Institute
Instructor