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.
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Strategy e-Learning courses are available at Academy of Procurement.« Back to Glossary Index