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.