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4.2 - Procure materials and services

PCF ID: 10216 | Elements: 28 | Metrics Available: Y | Benchmarkable: 7

Definition

Creating a plan for procuring materials and services. Develop strategies for sourcing materials and services. Choose the most appropriate suppliers, and develop contracts with them. Order the materials and services as per the requirements. Manage relationships with suppliers.

Overview

This process group covers procure materials and services within the broader context of Deliver Physical Products.

Process Hierarchy

Processes

IDProcessPCF IDSub-elementsMetrics
4.2.1Provide sourcing governance and perform category management102777Y
4.2.2Develop sourcing and category management strategies209730N
4.2.3Select suppliers and develop/maintain contracts102784Y
4.2.4Order materials and services102797Y
4.2.5Manage suppliers102804Y

4.2.1 - Provide sourcing governance and perform category management

PCF ID: 10277

Definition: Creating strategies for procuring materials and services from various sources, and for managing and evaluating categories. Establish a procurement process that describes the approach for obtaining products and purchasing activities. Evaluate the sources. Create sourcing relationships in order to continuously improve. Re-evaluate purchasing activities.

IDActivityPCF IDTasksMetrics
4.2.1.1Develop procurement plan102810N
4.2.1.2Clarify purchasing requirements102820N
4.2.1.3Establish materials management contingency plans102830N
4.2.1.4Match needs to supply capabilities102840N
4.2.1.5Analyze organization’s spend profile102850N
4.2.1.6Seek opportunities to improve efficiency and value102860N
4.2.1.7Collaborate with suppliers to identify sourcing opportunities102870N
4.2.1.1 - Develop procurement plan

Definition: Creating a plan for procuring materials and services. Plan what to buy, when, and from what sources. Include project requirements, the procurement team, the justification for the procurement, a timeline of events, and an explanation of the supplier selection process. Outline specific actions to start and complete purchases in order to adhere to best practices.

4.2.1.2 - Clarify purchasing requirements

Definition: Defining the purchasing requirements for materials and services. Specify the exact inventory required for the production process. Create a specific quotation for all the sources in order to avoid any duplication or overlap.

4.2.1.3 - Establish materials management contingency plans

Definition: Developing a strategy to deal with issues projected to arise during implementation of the inventory plan. Identify how to react to issues that arise and require changes to the inventory plan, such as a vendor failing to deliver materials on time. Collaborate with production and suppliers to prepare solutions to projected problems.

4.2.1.4 - Match needs to supply capabilities

Definition: Synchronizing the requirements of materials and services and the capacity of suppliers for providing these materials and services. Revamp the procurement needs of the company in consideration of the capabilities of the suppliers.

4.2.1.5 - Analyze organization’s spend profile

Definition: Evaluating the spend profile of the organization. Collect, cleanse, classify, and analyze the procurement data with the purpose of reducing procurement costs, improving efficiency, and monitoring compliance.

4.2.1.6 - Seek opportunities to improve efficiency and value

Definition: Seeking the most efficient sourcing and procurement opportunities.

4.2.1.7 - Collaborate with suppliers to identify sourcing opportunities

Definition: Collaborating with the suppliers of materials and services in order to determine new opportunities for sourcing.

4.2.2 - Develop sourcing and category management strategies

PCF ID: 20973

Definition: Deploying a strategic sourcing methodology to segment the majority of organizational spend based on external supply markets (versus individual suppliers or internal stakeholders) to reduce the cost of buying goods and services, reduce risk in the supply chain, and maximize value delivered from the supply base. This approach typically includes cross-functional management of categories, examining the entire category spend, how the organization uses the products or services within the category, the marketplace, and major suppliers.

4.2.3 - Select suppliers and develop/maintain contracts

PCF ID: 10278

Definition: Evaluating supplier options to select the most effective and efficient suppliers. Validate selected suppliers. Establish and manage supplier contracts.

IDActivityPCF IDTasksMetrics
4.2.3.1Select suppliers102880N
4.2.3.2Certify and validate suppliers102890N
4.2.3.3Negotiate and establish contracts102900N
4.2.3.4Manage contracts102910N
4.2.3.1 - Select suppliers

Definition: Evaluating the pros and cons of various suppliers. Choose the most appropriate and cost-effective suppliers on the basis of their material quality, delivery schedules, and costs.

4.2.3.2 - Certify and validate suppliers

Definition: Validating the supply sources, and provide certification as an official supplier.

4.2.3.3 - Negotiate and establish contracts

Definition: Legally binding suppliers with the company. Negotiate contracts individually with all the suppliers that include the promised material delivery, the delivery dates and duration, etc.

4.2.3.4 - Manage contracts

Definition: Keeping contracts up-to-date with routine evaluation. Maintain order and discipline with the contracts in order to avoid any loss of information and mishaps.

4.2.4 - Order materials and services

PCF ID: 10279

Definition: Creating and approving requisitions and distributing purchase orders accordingly. Hasten the procurement process to satisfy internal needs.

IDActivityPCF IDTasksMetrics
4.2.4.1Process/Review requisitions102920N
4.2.4.2Approve requisitions102930N
4.2.4.3Solicit/Track vendor quotes102940N
4.2.4.4Create/Distribute purchase orders102950Y
4.2.4.5Expedite orders and satisfy inquiries102960N
4.2.4.6Reconcile purchase orders102970Y
4.2.4.7Research/Resolve order exceptions102980N
4.2.4.1 - Process/Review requisitions

Definition: Handling operations related to processing/reviewing the requisitions. Establish and maintain procedures for the initiation, authorization, and processing of purchase requirements to procure products/services.

4.2.4.2 - Approve requisitions

Definition: Approving requisitions for materials and services. Examine distributor-specific requests, and validate them individually.

4.2.4.3 - Solicit/Track vendor quotes

Definition: Requesting quotes from suppliers. Use a request for quotation (RFQ) to invite suppliers into a bidding process for specific products/services.

4.2.4.4 - Create/Distribute purchase orders

Definition: Creating and placing the orders for purchasing materials and services from suppliers. Analyze vendor quotes. Choose the most cost-effective vendors. Create vendor-specific orders. Distribute them in order to initiate the purchasing process.

4.2.4.5 - Expedite orders and satisfy inquiries

Definition: Accelerating the purchase orders in order to fulfill the internal needs (for raw materials) depicted through inquiries.

4.2.4.6 - Reconcile purchase orders

Definition: Verify that purchase orders are filled as expected: verify that items and quantities are delivered as expected, based on purchase order details and goods receipts.

4.2.4.7 - Research/Resolve order exceptions

Definition: Identifying and resolving any exceptions. Address the internal needs/inquiries for materials that cannot be procured immediately. Research inquiries that require the need of exceptional materials.

4.2.5 - Manage suppliers

PCF ID: 10280

Definition: Collecting and analyzing new information in order to track and rate suppliers through a supplier information management system.

IDActivityPCF IDTasksMetrics
4.2.5.1Monitor/Manage supplier information102990N
4.2.5.2Prepare/Analyze procurement and vendor performance103000N
4.2.5.3Support inventory and production processes103010N
4.2.5.4Monitor quality of product delivered103020N
4.2.5.1 - Monitor/Manage supplier information

Definition: Examining procurement and vendor performance. Report delivery timing and the quality of the materials procured through different vendors.

4.2.5.2 - Prepare/Analyze procurement and vendor performance

Definition: Assisting the production and inventory processes through the information and reports created. Use the information and metrics of the procurement and vendor performance to enhance or improve the production process.

4.2.5.3 - Support inventory and production processes

Definition: Support inventory and production processes by analyzing impact of procurement decisions and collaborating to constantly improve. (For example, perhaps minimum order requirements could be negotiated to be lower, to reduce excessive inventory and make production more flexible.)

4.2.5.4 - Monitor quality of product delivered

Definition: Track the performance of the suppliers on product quality. Use this information to further improve sourcing and supplier performance.

Change Summary (v7.2.1 vs v6.1.1)

Changes indicated by:

  • +XXXXX - New element added
  • -XXXXX - Element removed
  • cXXXXX - Element changed
  • NEW - Newly introduced

Complete Element List with Definitions

All 28 elements
IDNameDefinition
4.2Procure materials and servicesCreating a plan for procuring materials and services. Develop strategies for sourcing materials and ...
4.2.1Provide sourcing governance and perform ...Creating strategies for procuring materials and services from various sources, and for managing and ...
4.2.1.1Develop procurement planCreating a plan for procuring materials and services. Plan what to buy, when, and from what sources....
4.2.1.2Clarify purchasing requirementsDefining the purchasing requirements for materials and services. Specify the exact inventory require...
4.2.1.3Establish materials management contingen...Developing a strategy to deal with issues projected to arise during implementation of the inventory ...
4.2.1.4Match needs to supply capabilitiesSynchronizing the requirements of materials and services and the capacity of suppliers for providing...
4.2.1.5Analyze organization’s spend profileEvaluating the spend profile of the organization. Collect, cleanse, classify, and analyze the procur...
4.2.1.6Seek opportunities to improve efficiency...Seeking the most efficient sourcing and procurement opportunities.
4.2.1.7Collaborate with suppliers to identify s...Collaborating with the suppliers of materials and services in order to determine new opportunities f...
4.2.2Develop sourcing and category management...Deploying a strategic sourcing methodology to segment the majority of organizational spend based on ...
4.2.3Select suppliers and develop/maintain co...Evaluating supplier options to select the most effective and efficient suppliers. Validate selected ...
4.2.3.1Select suppliersEvaluating the pros and cons of various suppliers. Choose the most appropriate and cost-effective su...
4.2.3.2Certify and validate suppliersValidating the supply sources, and provide certification as an official supplier.
4.2.3.3Negotiate and establish contractsLegally binding suppliers with the company. Negotiate contracts individually with all the suppliers ...
4.2.3.4Manage contractsKeeping contracts up-to-date with routine evaluation. Maintain order and discipline with the contrac...
4.2.4Order materials and servicesCreating and approving requisitions and distributing purchase orders accordingly. Hasten the procure...
4.2.4.1Process/Review requisitionsHandling operations related to processing/reviewing the requisitions. Establish and maintain procedu...
4.2.4.2Approve requisitionsApproving requisitions for materials and services. Examine distributor-specific requests, and valida...
4.2.4.3Solicit/Track vendor quotesRequesting quotes from suppliers. Use a request for quotation (RFQ) to invite suppliers into a biddi...
4.2.4.4Create/Distribute purchase ordersCreating and placing the orders for purchasing materials and services from suppliers. Analyze vendor...
4.2.4.5Expedite orders and satisfy inquiriesAccelerating the purchase orders in order to fulfill the internal needs (for raw materials) depicted...
4.2.4.6Reconcile purchase ordersVerify that purchase orders are filled as expected: verify that items and quantities are delivered a...
4.2.4.7Research/Resolve order exceptionsIdentifying and resolving any exceptions. Address the internal needs/inquiries for materials that ca...
4.2.5Manage suppliersCollecting and analyzing new information in order to track and rate suppliers through a supplier inf...
4.2.5.1Monitor/Manage supplier informationExamining procurement and vendor performance. Report delivery timing and the quality of the material...
4.2.5.2Prepare/Analyze procurement and vendor p...Assisting the production and inventory processes through the information and reports created. Use th...
4.2.5.3Support inventory and production process...Support inventory and production processes by analyzing impact of procurement decisions and collabor...
4.2.5.4Monitor quality of product deliveredTrack the performance of the suppliers on product quality. Use this information to further improve s...

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