Creating a sourcing and procurement plan

Whether you‘re creating a local or international sourcing plan, it is vital that the created plan ensures:

Delivery of the benefits identified in the strategy when required; and in a way, that meets the business need. Implementation of the changes is in accordance with a planned timeline that is realistic to ensure their success. Identification of risks associated with the processes and building of the appropriate corrective measures into the plan.

A good plan will include:

• Realistic time frames with the consideration for high failure rates
• Proper planning and communication for the creation and implementation stages
• Identification of business processes that will be affected directly and indirectly
• Identification of key milestones and measurement of process results