PTP (Plan to Procure)
Plan-to-Procure (PTP) is a structured procurement approach wherein an organization takes a systematic, planned approach to identify and source the right services, goods, or materials necessary to meet its objectives. It involves evaluating current supplier contracts as well as market trends and conditions in order to make informed decisions on the best procurement plan. The PTP method allows organizations to develop a strategy that fits their individual needs while also mitigating risk and cost. This method of procurement enables organizations to maximize efficiency and ensure strategic compliance with core values and objectives.
