Create the procurement category


Create the procurement category plan. The procurement category plan identifies the buying strategy to be implemented. As procurement team member how are you going to identify the critical purchasing costs in the supply chain? How are secondary and tertiary costs going to be identified and controlled? What provisions are in place to enable a "make vs. buy" decision? What are the criteria that identify key cost drivers? Are plans in place to reduce, control, and eliminate activities that drive cost?

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Finance Basics: Create the procurement category
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