Agile Procurement

Agile procurement is a term used to describe a procurement process that is characterized by short, frequent cycles and rapid response to change. Agile procurement aims to provide visibility into the process, shorten the cycle time, and improve communication between the parties involved.

The agile approach to procurement typically consists of four stages: plan, build, deliver, and learn. In the planning stage, the team identifies the objectives and scope of the project. In the build stage, the team develops a prototype or MVP (minimum viable product). In the delivery stage, the team implements and tests the product. Finally, in the learn stage, the team analyzes feedback and decides what changes need to be made for future iterations.