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Early Procurement Involvement


Source: Procurement Glossary
Author: Paul Rogers
Institute: CIPS - UK

Courtesy of


 

The practice of securing procurement influence upon procurement projects at an early stage of evolution, typically before the procurement strategy is set or the supply market engaged.  Early involvement is regarded as important as, without it, the scope of procurement influence is reduced, for example for negotiating the price.  When involved earlier in the process, procurement influence can affect the nature and timing of demand, the specification, the sourcing strategy and the market engagement, as well as the selection of suppliers.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




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Last update 4 Jun 2020
Marked downturn in global manufacturing continues in May, although rate of contraction eases since April
   Source: J.P.Morgan Global Manufacturing PMI ™  -  IHS Markit



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