What does strategic purchasing mean?

Strategic purchasing differs from operative purchasing in that it defines a purchasing strategy that consists of coordinated measures, which subsequently bring sustainable success to a company.

The purchasing or procurement strategy that was defined by strategic purchasing is coordinated with a company’s overall strategy. Product group strategies, which can ultimately be implemented in operative purchasing, are broken down in detail below.

Strategic purchasing attempts to optimize the following areas of emphasis:

  • cost-efficient purchasing
  • process-efficient purchasing
  • manage globalization securely
  • ensure innovation skills
  • minimize risks in purchasing and along the supply chain
  • determine the material and raw material demands (short, intermediate and long-term)
  • determine the ideal time for purchasing for each product/ raw material
  • utilize storage capacities efficiently (determine terms of transport, production times, etc.)
  • ensure that there are enough supplies for the production department
  • observe the market situation and the company’s position, and adjust the strategies accordingly
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