Strategy and executive direction

1. Which of the following best fits with regard to there being a clear strategy for procurement ?

Enterprise-wide procurement strategy has been developed with participation of key business stakeholders and agreed at C-Suite level.

Localised procurement strategies have been developed by procurement teams but no enterprise-wide procurement strategy.

No company-wide procurement strategy exists.

Enterprise-wide procurement strategy has been developed by procurement with reference to wider corporate strategy but with limited cross-functional input and no C-Suite sign-off.

Enterprise-wide procurement strategy has been developed by procurement. Strategy goes beyond pure cost reduction but is not fully integrated with corporate strategy.

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