The benefits of Procurement Planning.

[PPTP Group]

The benefits of Procurement planning
 Helps to quickly and easily define your procurement requirements,
 Helps to quickly define the appropriate method of procurement and
the
timeframes for delivery
 Helps to get much out of supplier relationship
 It helps to procure products and services from external suppliers.
 It compels us to provide project procurement plan template, to
create a Procurement Plan for our government business.
 It ensures the procurement of the right products for our government
business at the right price, from the right place, at the right time,
with the right and competent personnel, delivered to the right place
etc.
 It defines our procurement requirement.
 It helps to Identify all of the items you need to procure.
 Creates a sound financial justification for procuring them.
 It helps to list all of the tasks involved in procuring your
products and schedule those tasks by allocating timeframes and
resources.
 It creates a robust project procurement process for your business.
 It saves money by obtaining price reductions through quantity
discounts.
 It allows for better workload planning and scheduling.
 It allows for consolidating requirements for greater economies;
 Creates room for providing sufficient lead time and resources in the
selection of appropriate contract types and development of innovative
contracting methods.
 Allows provision of sufficient time to obtain required approvals
before submission of requisitions.
 Provides room for identifying and obtaining necessary reviews and
approvals required throughout the procurement process.
 Allows for early identification and resolution of potential
problems.
 It ensures the adequacy of specifications or statements of work to
be done.
 Provides grounds for identification of capable sources sufficient to
promote adequate competition.
 Prevents unrealistic delivery or performance schedules and
 Provides for receiving acceptable products and services in a timely
manner.
 Promotes market research before procurement