Strategic procurement Sample Clauses

The 'Strategic procurement' clause defines the framework and procedures for acquiring goods or services in a manner that aligns with an organization's long-term goals and objectives. Typically, this clause outlines the criteria for selecting suppliers, the evaluation process for bids, and the integration of procurement activities with broader business strategies. By establishing clear guidelines for procurement decisions, it ensures that purchasing activities support overall organizational priorities, promote value for money, and mitigate risks associated with ad hoc or uncoordinated buying.