Procurement Strategy For Services is an official business term that refers to the plan developed by an organization to acquire services from suppliers. This strategy is designed to identify the most cost-effective and efficient way to acquire services while still meeting the organization’s desired quality and service level. The strategy outlines the overall approach to be taken to select suppliers, manage the relationship and contract with them, and ensure the continued performance of the supplier throughout the duration of the contract. This strategy is typically designed with a focus on obtaining the best value for the organization in terms of cost, service quality, and risk management.
The Procurement Strategy For Services should outline the criteria used to select suppliers, the specific goals and objectives that should be met, and the performance indicators that will be used to measure the success of the project.