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Strategic Planning Supply Chain Management

oboloo Glossary

Strategic Planning Supply Chain Management

Strategic Supply Chain Management in procurement is the process of managing the relationships between all stakeholders involved in the procurement process. It involves analyzing, designing, and implementing a plan that maximizes value and efficiency through coordinated efforts. This includes not only identifying solutions for current problems but also developing a long-term vision for the supply chain. The main goal of strategic procurement management is to identify new ways to improve customer service levels, reduce costs, and increase profitability. To do this, procurement professionals must have detailed knowledge of the industry, the market, and the competition. By leveraging insights from data and analytics, they can identify areas of opportunity and develop creative strategies that are both efficient and cost-effective.

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