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  <title>APM PMQ (2024) Procurement (LO5)</title>
  <description>5. Procurement - This podcast discusses securing the provision of resources, choosing strategies for obtaining best value from supply chains, and covers: a) The purpose and importance of a procurement strategy and the typical contents of a procurement strategy. b) The stages of a supplier selection process, including how to plan the procurement process and conduct negotiations (for example ZOPA, BATNA and ‘Win Win’).&amp;amp;nbsp; c) The features of different contractual relationships and why different methods of supplier reimbursement are used and when it is appropriate to use them (including fixed price, cost plus&amp;amp;nbsp;fee, per unit quantity and target cost).&amp;amp;nbsp; </description>
  <author_name>Project Management Training Podcasts</author_name>
  <author_url>http://www.parallelprojecttraining.com</author_url>
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