Procurement Strategy Development
Procurement Strategy Development is the ability to design and formulate tactical purchasing plans while considering business goals, vendor management, risk mitigation, and cost efficiency, specifically within a procurement context, to effectively source goods and services for an organization.
Level 1: Emerging
At an emerging level, you are beginning to understand how procurement strategies are developed. You can aid in developing these strategies and make basic decisions under guidance.
Level 2: Proficient
At a proficient level you are able to develop comprehensive procurement strategies that align with organizational goals, leverage market intelligence, and optimize supplier relationships to drive value and cost savings.
Level 3: Advanced
At an advanced level, you are able to design and implement comprehensive procurement strategies that align with organizational goals and optimize cost savings, supplier relationships, risk management, and innovation within procurement processes.
