Getting the right people behind procurement management is essential. To help ensure success, bring together a group of senior individuals who will provide a strong lead in procurement. Governors can also play an important role by drawing on their business experience and challenging managers on their spending and planning.
To finalise the procurement governance structure and strategy, it is necessary to know exactly how procurement is being conducted and what opportunities for improvement exist. This will involve information-gathering to inform future procurement decisions. It will help you decide what information to provide to the procurement board to monitor procurement activity effectively.
In the ‘Plan’ section, we will look at a series of procurement planning, analysing and monitoring requirements across nine chapters.