Procurement
Checklist
02
Supplier Selection Checklist
Identify potential suppliers.
Evaluate suppliers based on
selection criteria.
Review supplier proposals or bids
Shortlist potential suppliers
Conduct site visits or supplier interviews.
Check supplier references.
Select preferred supplier.
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01
Procurement Planning
Checklist
Procurement Planning Checklist
Identify the need for procurement
Determine procurement objectives
and requirements.
Develop procurement strategy.
Identify potential suppliers.
Determine procurement timelines.
Determine procurement budget.
Obtain necessary approvals.
03
Contract Management
Checklist
Review contract terms and conditions.
Establish performance metrics.
Monitor supplier performance.
Manage contract changes or
modifications.
Ensure compliance with contract terms.
Renew or terminate contracts as
necessary.
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 Procurement Checklist

04
Procurement Compliance
Checklist
Ensure compliance with legal and
regulatory requirements.
Ensure compliance with internal
policies and procedures.
Conduct due diligence on suppliers.
Verify supplier credentials and
certifications. 05
Monitor and report procurement
activity to management and
stakeholders.
Risk Management
Checklist
Identify potential procurement risks.
Ensure an internal business Risk
assessment is completed before the
project begins.
Develop a risk management plan
outlining risk, impact/probability of
occurrence, and ownership of mitigation

06
Implement risk management strategies
inclusive of mitigation activities.
Monitor and report on procurement risks.
Procurement Documentation Take corrective action as necessary.
Checklist
Develop procurement documentation,
including RFPs, RFQs, contracts, and
supporting work papers.
Ensure all procurement documentation
is complete and accurate.
Obtain necessary approvals for
procurement documentation.
Store procurement documentation in a
secure and accessible location
Ensure documentation is included in the
document retention library.
Ensure procurement documentation
is up-to-date and easily retrievable.

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 Procurement Checklist

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for your time and attention.
If you have any questions or would like to
learn more about procurement best
practices, please feel free to reach out to us.

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