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Procurement Strategy Development

A procurement strategy is developed in order to establish the direction of how procurement should be organised in order to implement the procurement policy.

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Related concepts

Future Supply Chains

In our industry the competitor that's best at managing the supply chain is probably going be the most successful competitor over time. It's a condition of success...

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Exit Strategies

Buyers and suppliers need to have a clearly defined exit strategy agreed during the pre-contract stage to avoid difficulties should the relationship turn sour...

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Forward Integration

Forward integration is an aspect of strategic development relating to securing inputs and acquisition … most often used to refer to an organisation’s attempt to...

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Future of the Profession

There are some absolute guarantees in life – one of them is change; some of us fear it, some of us relish it but either way we all have to deal with it.

Over the past year CIPS has taken a close look into emerging changes in business and markets and analysed a variety of trends to identify opportunities for the Procurement and Supply profession and its next generation of professionals.