A strategy is a high-level plan of direction designed to achieve a long-term goal or overall aim. It involves identifying the steps, resources, and actions required to achieve a desired outcome and may involve identifying opportunities and assessing potential risks and allocating resources effectively. Strategies can be developed for a wide range of purposes for procurement.
A good strategy should be flexible enough to adapt to changing circumstances and based on a thorough analysis of relevant data and information.
Explore the content shared and you can refer to the CIPS Glossary for the definitions of any terms used.
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