Procurement Objectives

Support operational Manage procurement

requirements Process and supply base
efficiently

Develop strong relationships

with other groups Support organizational
in the organization goals & obejctives
 Procurement vs. Strategic Sourcing

Strategic Sourcing focuses longer-term

Traditional procurement focuses on relationships with suppliers that offer quality,

finding the lowest-cost suppliers. value, a willingness to collaborate and the

flexibility to meet changing supply requirements.
 Stages of Strategic Sourcing

Procurement Develop
1 Plan
3 Strategy
This approach to procurement uses
structured and market-oriented processes
to collect data, perform quantitative
analyses, and apply qualitative expert
opinions. The goal is to guarantee the
best value for money in purchasing.

Create
2 Profile