A tender is essentially an invitation: an organisation announces publicly that it wants to buy goods, works or services, and suppliers — sometimes called contractors or consultants — respond with priced bids. That announcement can be purely local, run inside a single country's institutions, or international, opened up to bidders abroad, but either way the process that follows runs through several stages, from setting the technical and legal conditions all the way to signing the final contract. A procurement department that skips proper legal groundwork at any of those stages is setting itself up for the kind of dispute that stalls delivery altogether.

Tenders rarely operate in isolation from logistics, and the two fields have grown increasingly intertwined. The Logistics Performance Index has repeatedly flagged supply chain and logistics training as one of the most important investments an economy can make, and it's easy to see why: steering a complex supply chain from raw-material suppliers through to the end consumer now sits at the centre of most mid- and senior-management roles, and virtually every organisation, public or private, runs some form of logistics function internally.

How You Will Benefit

• Learn modern, contemporary approaches to financial auditing and how they shape the way a company directs and organises its work.
• Recognise the risks and problems that auditors and financial reviewers are best placed to uncover, and the role internal audit offices play in helping a company avoid financial trouble.
• Understand how to disclose accounting errors and review financial reports with a critical eye.
• Grasp the methods used to reach the strongest possible bid, and the factors that influence how prices are set within a tender.

Who Should Attend?

• Logistics managers, executive coordinators, material and warehouse managers, and distribution supervisors.
• Directors and owners of commercial and industrial companies, and general managers in public and private firms.
• Directors and staff of internal audit and financial control departments.
• Anyone seeking a contemporary grounding in financial auditing and risk detection.

Module 1: What Tenders Are and How They Work

• Defining tenders and why they matter to companies and institutions.
• Requirements to keep in mind when preparing or submitting a bid, and how final prices and tender practices are actually handled.
• Handling technical matters raised by bidders through statements or supporting documents.

Module 2: Rights, Obligations and Procurement Contracts

• Rights and obligations within procurement contracts, and contractual liability in construction contracts.

Module 3: Logistics Fundamentals

• The concept, definition, basics and types of logistics.
• Why the logistics function emerged in enterprises, and its importance and objectives — including desktop logistics.

Module 4: Managing Materials and Inventory

• Regulatory procedures for inventory, inventory reports, and an overview of materials and inventory management.
• Material planning, control and effective oversight, and how logistics services relate to a company's development.

Module 5: Supply Chain and Risk Management

• Supply chain management and the role of risk within a company's business system.
• Methods of risk assessment, the precautions needed to avoid risk, and how risk connects to an institution's policies and procedures.
• Certifying risk assessments, handling corruption-related risks, and knowing the right time to take precautions.