Strategic procurement planning is a business practice that involves analyzing the current and future needs of an organization and creating a plan to ensure that those needs are met. It involves looking at the current and future market conditions, analyzing the current and future demand for goods and services, and understanding the current and future cost of those goods and services. Strategic procurement planning also involves creating a strategy to ensure that the organization has access to the right suppliers, at the right price, and with the right quality of goods and services. It also involves understanding the risks associated with the procurement process and developing strategies to mitigate those risks. Ultimately, strategic procurement planning is about creating a plan that ensures the organization has access to the right goods and services, at the right price, and with the right quality, while minimizing the risks associated with the procurement process.