An Acquisition Strategy Document is a comprehensive plan that outlines the approach and methodology for acquiring goods or services to meet an organization’s needs. It includes details on the procurement process, market research, risk management, and resource allocation to ensure successful acquisition outcomes.

How It Is Written:

1. Introduction: Provide an overview of the acquisition, including its purpose, objectives, and scope.
2. Requirements: Clearly define the requirements for the goods or services to be acquired.
3. Market Research: Summarize the findings from market research, including potential sources, industry trends, and pricing information.
4. Acquisition Approach: Describe the strategy for acquiring the goods or services, including the type of contract, procurement methods, and any special considerations.
5. Risk Management: Identify potential risks associated with the acquisition and outline mitigation strategies.
6. Schedule: Include a timeline for key acquisition activities, from solicitation to contract award and delivery.
7. Resource Allocation: Detail the resources required for the acquisition, including budget, personnel, and technology.
8. Evaluation Criteria: Specify the criteria that will be used to evaluate proposals and select a contractor.
9. Approval and Signatures: Ensure the document is reviewed and approved by the appropriate authorities, with signatures included.

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