Strategy is a plan of action designed to achieve a goal. Strategies may address the objective (the ‘what’), or the methodology (the ‘how’), or both. In procurement the word ‘strategic’ is used to denote an alternative to tactical behaviour. Strategic procurement, for example, occurs when the decisions affect the whole of the organisation, not just a department, when the decisions have an impact over the longer term, not just the next purchase, and when the decisions contribute to the goals of the organisation.« Back to Glossary Index
Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.