Question: In this assignment, you will explain what the term strategic purchasing means. What are the main elements of planning a strategic purchasing plan? Find an

In this assignment, you will explain what the term strategic purchasing means. What are the main elements of planning a strategic purchasing plan? Find an example of a strategic purchasing endeavor on the Internet or in a periodical. You will then explain the procurement department's expected strategic goal.

Deliverable

Complete the following:

Define the term strategic purchasing.

Explain the procurement department's expected strategic goal. Refer to the example of a strategic purchasing endeavor you found. Be sure to cite the Web site and URL of the periodical if available.

Describe the main elements of planning a strategic purchasing plan.

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