Strategic procurement objectives are the long-term goals of an organization’s procurement process. These objectives provide the framework for the organization’s procurement activities and help to ensure that the organization is meeting its goals and objectives. They are typically developed by the procurement team in collaboration with other stakeholders, such as finance, operations, and marketing. Strategic procurement objectives are typically divided into three categories: cost savings, quality assurance, and supplier management. Cost savings objectives focus on reducing costs associated with the procurement process, such as reducing the cost of materials, labor, and overhead. Quality assurance objectives focus on ensuring that the organization is receiving quality products and services from its suppliers. Finally, supplier management objectives focus on developing relationships with suppliers and maintaining good communication with them. By setting and achieving these objectives, organizations can ensure that their procurement process is efficient and effective.