Figure 1.1 shows the author’s version of a procurement lifecycle; others exist, but they follow similar basic steps. Not all procurement methods are based on this concept: some consider that the procurement is complete once the goods or services are delivered. This may be neater, but it does not encourage a broader of view of the process.
FIGURE 1.1 Procurement lifecycle
One may notice the similarity to the lifecycles that are found in many project management methods, for example PRINCE 2. This is not surprising as, when it comes down to it, buying something is a project. For that reason the author recommends that anyone struggling ...