Procurement involves all the purchasing procedure of goods and services in which done in a strategic method. Factors that affecting purchasing decisions are as follows;

Delivery and handling; monitoring of stocks; marginal benefits; and fluctuations of price. Procurement needs to analyze the economic method, because the concept of cost-benefit analysis is precarious. They should have a good record to prove the difference between, study without risk versus the one with risk.

Nowadays, developing a good corporate procurement strategy is a big help for the organization’s success. Purchasing is more proficient and low-cost today with the help of new technologies therefore the percentages of buying power increases. Companies are more aggressive to invest on the supplies and equipment to be use in their business to keep updated in the rapid changes of the industry that is why a good guide for purchasing decisions is very necessary.

Not all procurement strategies can lead into a business success, it will also comes to implementation thus, best application for procurement strategy is important. Here are the things to consider in planning a procurement strategy:

1. • What are the priorities of the business and how to achieve excellence out of those priorities
   • What are the possible risk in your strategic plan and what are the factors that can affect
   • The necessary requirements that includes the improbability and improvement in those requirements
   • The scope and complexity of the project
   • Technical and management expertise
   • The market condition

In planning a procurement strategy, the content of a plan should be simple, well researched, well planned, updated with the latest technology and easy to implement. The contents must include the key objectives of the procurement, sourcing evaluation, possible opportunities and the details for this, target dates for the plan, different types of requirements conditions, evaluations, negotiations procedure, buying & investment decision.

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