Developing effective procurement strategy is a complex process, requiring considerable analysis of the most appropriate means to accomplish its many different objectives. Decisions must be made regarding which products and services to produce or perform internally and which should be purchased from outside suppliers. Alternative strategic approaches to dealing with external suppliers must be developed. The appropriate strategic approach must be determined for the different types of products and services the organization buys, resulting in a procurement strategy portfolio.

Question $24$ options:

True

False