Elements and Performance Criteria
- Determine purchasing objectives
- Industry benchmarks for purchasing are researched and analysed for suitability to organisation
- Organisation's purchasing data and information are analysed
- Consultations are undertaken with relevant stakeholders and personnel to inform development of purchasing objectives
- Purchasing objectives in line with organisation's goals are drafted
- Approval is gained from relevant personnel for purchasing objectives
- Develop purchasing strategies
- Purchasing strategies are developed, taking into account legal requirements and purchasing objectives
- Purchasing criteria include the five rights
- Human resource, financial and other plans are developed to implement purchasing strategies
- Approval is gained for plans to implement purchasing strategies
- Changes resulting from approval process are made to plans and strategies, as required
- Implement purchasing strategies
- Purchasing strategies are communicated to relevant personnel and stakeholders
- Resources needed to implement purchasing strategies are accessed
- Support is provided to implement purchasing strategies
- Implementation of purchasing strategies by the organisation is monitored
- Problems and issues arising during implementation are identified and addressed
- Reports are provided to relevant personnel and stakeholders on implementation of purchasing strategies
- Evaluate purchasing strategies and implement improvements
- Implementation of purchasing strategies is reviewed
- Improvements to purchasing strategies are identified from review process
- Approval is gained to implement improvements to purchasing strategies
- Improvements are communicated to relevant stakeholders and support is provided to implement improvements
- Implementation of improvements is monitored and reviewed to determine effectiveness of improvements