Procurement Change Management is an official business process that helps organizations manage and control changes to their procurement activities. It is a structured approach to ensure that any changes to the procurement process are managed and controlled in a way that minimizes risk and maximizes value. It helps organizations to identify, assess, prioritize, and manage changes to their procurement activities in order to ensure that the desired objectives are met. The process includes analyzing the impact of the change, assessing the risks associated with the change, and implementing the change in a controlled manner. Additionally, it helps organizations to maintain visibility into the changes and their impacts, as well as to monitor and evaluate the effectiveness of the changes. By following a structured approach to change management, organizations can ensure that their procurement activities are optimized and that they are able to achieve their desired objectives.
