Method123 Ltd: How to Get the Most From Suppliers

LA HABRA, CALIFORNIA--(Marketwire - Aug. 10, 2009) - Dealing with suppliers is a core element of many projects according to Method123 Ltd, leaders in online Project Management Templates.

Good procurement management is a sure way to get the most out of your supplier relationships says Jason Westland, CEO of Method123 Ltd.

"Most projects managers will need to procure products or services from one or more suppliers at some stage during their project, so it's a good idea to identify early on what you need and how you want to go about choosing these suppliers," says Westland.

"It's really important to get project procurement right. Using a procurement plan will ensure you cover all the bases. It can help project managers to define their requirements quickly and easily, identify potential suppliers, contract them and manage them to ensure successful and timely delivery."

"By having a well-thought out and documented procurement plan, suppliers will know exactly what you need and when you need it by. This should prevent any misunderstandings later on and ensure everybody stays on the ball throughout the project."

The Method123 Procurement Plan project management template helps you to define your procurement requirements, identify the products and services that need to be obtained from external suppliers, and produce sound financial justification for procuring them. It will also enable you to list and schedule all the tasks involved in acquiring any goods or services.

Creation of a procurement plan is part of the planning stage of the project life cycle which is undertaken prior to project execution. The procurement plan is part of the comprehensive project management templates package or Project Management Kit from Method123. The kit includes all of the project management tools and templates needed to successfully deliver projects. It comprises hints and tips, real-life examples, charts and tables that cover every activity in the project lifecycle from initiation to planning, to execution, to closure.

Method123's online project management solutions also include Project Management Methodologies, which combined with the template package, present a unique and compelling offering to project managers around the world.