Procurement Planning
About Procurement Planning
Procurement
planning is the process of deciding what to buy, when and from what
source. During the procurement planning process, the procurement method
is assigned and the expectations for the fulfillment of procurement
requirements are determined.
The goal of a procurement plan is to
increase the efficiency, effectiveness, and transparency of the
procurement process. The document specifically describes how products or
services will be acquired and how vendors will be managed during the
project. It includes information such as the types of contracts that
will be used, the planned delivery or implementation dates for the
contracted products or services, the types of metrics that will be used
to evaluate the vendor's performance, and an explanation of how the
procurement process will be performed.
Why is Procurement Planning important?
Procurement Planning is important because:
• It helps to decide what to buy, when and from what sources.
•
It allows planners to determine if expectations are realistic;
particularly the expectations of the requesting entities, which usually
expect their requirements met on short notice and over a shorter period
than the application of the corresponding procurement method allows.
•
It is an opportunity for all stakeholders involved in the processes to
meet in order to discuss particular procurement requirements. These
stakeholders could be the requesting entity, end users, procurement
department, technical experts, and even vendors to give relevant inputs
on specific requirements.
Who should take the Procurement Planning Exam?
• Procurement or purchase professionals
• Business owners or Entrepreneurs
• Anyone who wants to assess their skills
• Procurement or purchase managers and senior executives
• Procurement or purchase consultants
• Team leaders
• Professionals working in Supply Chain/Procurement/Purchasing Warehousing/Distribution/Logistics Industry
Procurement Planning Certification Course Outline
1. Procurement Management
2. Cost and Value Analysis System
3. Negotiation Skills
4. Purchase Management System
5. Vendor Management
6. Materials Planning
7. Procurement Planning