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Short Term Goals In Procurement

oboloo Glossary

Short Term Goals In Procurement

Short term goals in procurement refer to objectives that are achievable over a relatively short period of time. These goals may include improvements in cost savings and quality, such as reducing production costs, streamlining the supply chain, or introducing new products. Procurement professionals need to identify potential opportunities and develop strategies to help their organizations reach these objectives. Additionally, they need to ensure that their goals are aligned with organizational values and mission. To maximize efficiency, it’s important for organizations to create a timeline to track progress and adjust if necessary. By setting achievable, measurable short-term objectives, procurement teams can make sure they’re on the path to success.

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