GlossaryEN1 min readUpdated: Jun 22, 2026
Procurement strategy
A procurement strategy is the long-term framework through which an organisation determines how it sources materials and structures its supplier relationships.
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Source: https://en.wikipedia.org/wiki/Strategic_sourcing
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Logistics Concept
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A procurement strategy is the long-term framework through which an organisation determines how it sources materials and structures its supplier relationships. It addresses foundational decisions: single or multiple suppliers? Domestic or international sourcing? Lean inventory or safety stock? Spot purchasing or long-term contracts? These choices directly shape transport requirements, customs complexity, and supply chain resilience. A well-designed strategy balances cost efficiency against supply security and quality requirements, while accounting for trade tariffs, rules of origin, currency risk, and regulatory compliance – factors that become particularly significant when sourcing across borders. Unlike procurement logistics, which deals with operational execution, a procurement strategy sets the overarching direction.
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