A Procurement Management Plan

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Name Professor Subject Date A Management Plan for Procurement Introduction This Management Plan for Procurement outlines the procurement strategy for a company’s (Coverings) plan to introduce a new innovative product. Coverings is an Ontario-based clothing retailer that deals with all-season clothes for adults. It will provide the guideline for managing the procurement throughout the period the new product will last on the market, and its update will underline the change needed for the acquisition. It also provides the identification and definition of the items that Coverings need to procure, the types of all the contracts that the Company will use to support the introduction of the new product, the approval process of the deal, and criteria for making decisions. The Plan also covers the significance of coordinating the activities involved in the procurement, establishing profound deliverables for contracts, and all metrics used to measure the incidences included in the purchase. Other factors covered in this Plan include the risks of procuring the new product and the management considerations for them; the process of determining the costs; how the Company will use standard procurement documentation; and constraints for procuring the new product. Procurement Management Since I am the Project Manager for Coverings, I will mastermind the management and oversight for all the activities acquiring the new product. For example, I will ensure that the Company launches it Spring of the next as scheduled, and that it is made using the Canadian raw materials. I will also coordinate with a team of workmates and other parties who will contribute to identifying all the items

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