You will provide a draft of your completed Procurement Life Cycle Plan. This draft will be posted to your discussion board for peer review. The plan will include the following sections:
- Section 1: Preparation
- Planning the procurement contract
- Defining supplier requirements
- Section 2: Management
- Selecting the appropriate source
- Negotiate, select, and award the purchase contract
- Section 3: Close Out Contracts
- List the elements typically used to manage supplier performance
- How will the company be verifying receipts?
- What will the invoice process and contract closeout process be, and why is this important?
- Section 4: Summary
- Executive Summary
- Conclusion and Recommendations
Week 4 Assignment: Key Assignment Draft
Section 4: Summary section will include the following:
- Executive Summary (or an introduction to your Procurement Life Cycle)
- Conclusion or recommendation
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