When should acquisition planning begin according to Government policy?

Acquisition planning should begin as soon as the agency need is identified because this allows the organization to systematically gather the necessary information and resources required to fulfill that need effectively. Initiating acquisition planning at this stage ensures that there is ample time to assess the market, develop requirements, consider acquisition strategies, and establish a procurement timeline.

Starting the acquisition planning process early after identifying a need provides an opportunity to involve relevant stakeholders, conduct risk assessments, and evaluate potential suppliers. It aligns with government policy aiming for effective and efficient procurement practices by ensuring that all necessary considerations are made before formally soliciting bids or proposals.

This approach emphasizes the importance of proactive planning in achieving successful acquisition outcomes, which is crucial for meeting agency missions and goals effectively.