Sustainable Procurement Strategy is a long-term approach to purchasing that seeks to minimize externalities and maximize value. It includes measures to reduce the environmental impact of procurement decisions, such as considering the use of renewable materials or selecting suppliers that use sustainable practices. Additionally, it incorporates social, ethical, and economic criteria when selecting suppliers, with the goal of helping organizations achieve cost savings while promoting responsible business activities. Core components of a Sustainable Purchasing Strategy include risk assessment, vendor selection, negotiation, contract management, and supplier evaluation.