What You Need to Include in a Procurement Plan

Use this handy list to make sure you cover all bases when creating your procurement plans.

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Every procurement project needs to have a clear plan that maps out all the core details of the procurement. The quality of this plan will determine the ultimate success of the procurement event.

We’ve put together a useful rundown of everything you should include in your procurement plan to set your procurement activity on a solid foundation.

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    Key Takeaways

  • Procurement planning should start with internal and external policies that guide how your procurement is done and ensure it is fully compliant.
  • When planning, pay careful attention to the details, such as the roles and responsibilities, budgets and methods.
  • Understanding from the outset the risks involved in the buying activity will shape the plan and spare you unnecessary trouble down the line.

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