However, there are some key components of a good procurement plan that needs to be considered when using a procurement plan:
Scope: The scope of a purchase is essentially the aim of having a procurement plan. The scope of the procurement plan can be defined by using numerous ways. However, the key thing to remember is to make sure the scope defined is highly specific in terms of requirement. This is also essential that the procurement scope includes all the assumptions that have been made for the process of the scope designing.
Schedule: The scheduling process of a procurement plan includes a work breakdown suturing process. It divides the whole task of procurement plan into various separate tasks and defines the various steps that are required to complete in order to complete the process of procurement. The aim of this component is to divide every task into the smallest possible individual tasks. If and when done properly, this allows easier handling of the tasks and developing a much more accurate scheduling of all the individual tasks.
Budget: Budgeting is a common concern associated with almost every task of procurement whether there is a procurement plan in place or not. The aim of the procurement plan is to ensure the best practice of procurement which includes making sure the pricing of the products procured remains suitable. However, along with the product pricing, some other factors may also contribute to the budget of the product such as delay in the procurement can increase the cost of the whole project. This is the reason why budget is such a key component of a procurement planning task. The optimum way of allocating budget is to divide the budget among the various tasks scheduled. This should also take account of employee salaries, logistics and other expenses.