Procurement Planning

Procurement planning is determining what to procure and when. The first contract management problem for the buyer is to decide which goods and services to provide or perform in-house and which to outsource. This make or buy decision requires consideration of many factors, some of which are strategically important. The decision to buy creates a project that will be implemented in cooperation with an outside organization that is not entirely within the buyer’s control. As a result, an element of uncertainty and risk will be introduced for the buyer.

My Consultancy–Asif J. Mir – Management Consultant–transforms organizations where people have the freedom to be creative, a place that brings out the best in everybody–an open, fair place where people have a sense that what they do matters. For details please visit www.asifjmir.com, and my Lectures.

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