The official business definition of a Procurement Business Plan is a document that outlines the strategies and processes that an organization uses to acquire goods and services. It is designed to ensure that the organization has the resources and capabilities to meet its objectives in a cost-effective and timely manner. The plan should include the objectives, scope, and goals of the procurement process, as well as the strategies and processes used to meet those objectives. It should also include the roles and responsibilities of the procurement team, the budget, and the timeline for completion. Additionally, the plan should outline the policies and procedures that will be used to ensure that the organization is compliant with all applicable laws and regulations. Finally, the plan should also include any metrics that will be used to measure the success of the procurement process.