Single Source Procurement Best Practices

Single-source procurement involves acquiring goods or services from a single supplier without a competitive process. While often necessary in strategic or specialized contexts, this approach has drawn critical attention, especially in the defense sector, where public spending efficiency and transparency are under scrutiny. This course explores best practices in single-source procurement, focusing on maximizing value, developing supplier relationships, and conducting effective price negotiations.

By the end of this program, participants will be able to:

• Understand single-source procurement principles and strategic implications.
• Develop and manage long-term contracts effectively.
• Apply best practices in vendor development and partnerships.
• Plan and execute successful price negotiations.
• Integrate logistics and e-procurement systems to optimize procurement outcomes.

• Procurement Managers and Specialists
• Contract Managers
• Supply Chain Professionals
• Sourcing Officers
• Project Managers involved in procurement decisions