Procurement implementation strategy
Successful procurements of goods and services relies upon having a clear strategy in terms of, for example, identifying types of suppliers, type and form of contract, scope splits, objectives. Once the strategy is clear, its implementation needs to be planned. Planning covers the tactical steps to ensure that the objectives of procurement strategy will to be achieved.
The execution plan defines the tasks to be performed, fixes the deadline or timeframe, and identifies the roles and responsibilities of stakeholders responsible for the procurement.
The process of implementing a strategic procurement plan involves the following activities:
- Creating and reviewing the plan
- Creating a vision for the implementation
- Selecting the team
- Ensuring all aspects are understood by the stakeholders
- Scheduling of regular meetings
- Regular consultation with all stakeholders including technical, production, financial, legal, quality, health safety & environment
- Defining a contingency plan if things do not go as originally planned
Procurement strategy formulation and procurement strategy implementation are different yet both are essential for a company or organisation to achieve its procurement goals.
The strategists at eXceeding have the experience and clear understanding both at a high-level strategic level and at a tactical implementation level.
Our team of professionals has the expertise and through using strategic formulation procedures they can help you to keep the procurement implementation process on track to achieve that the goals remain in sight.
In simple words, procurement implementation is made easy at eXceeding, because we understand business procurement and we take our time to understand our clients business and needs.