Individual procurement strategies should tie into your agency's overarching procurement strategy.
Achieving strategic procurement outcomes involves setting strategic priorities and direction.
For agencies, strategic procurement happens at two levels:
These are underpinned by ongoing quality procurement planning.
Agencies are encouraged to take a strategic approach to managing public funds. For procurement activities, this often involves developing an overarching procurement strategy and procurement policies.
Developing a strategy involves analysing historic and forecast spend to identify the volume, value and risk associated with the acquisition of different types of goods and services.
Any procurement activity you undertake should tie to your agency's overarching procurement policies and strategy.
Policies are high level statements of the principles and values that guide procurement decisions.
A procurement policy is a good place to identify your agency’s core procurement objectives (eg value for money), roles and responsibilities, and thresholds for open advertising.
Good procurement planning and informed decision making are essential to delivering successful results. Planning helps you successfully achieve your objectives and deliver best value-for-money over the whole-of-life of the goods or services.
Effective procurement planning:
At an operational level, agencies are encouraged to take a strategic approach to individual procurements. To help ensure you're following a strategic procurement process at an operational level, use our guide to procurement.