procurementoriented
Procurementoriented is a term used to describe a business strategy or operational approach that places a strong emphasis on the procurement function. This means that the organization's overall objectives, decision-making processes, and resource allocation are significantly influenced by its procurement activities. A procurementoriented business views its supply chain not just as a cost center, but as a strategic asset capable of driving value, innovation, and competitive advantage.
Key characteristics of a procurementoriented approach include a deep understanding of supplier relationships, a focus on