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What is Strategic Procurement, and How Can Cooperative Purchasing Help?

American City & Country

Strategic procurement is more than just buying goods and services—it’s about creating value, optimizing resources, and aligning purchasing decisions with organizational goals. In this blog, we’ll explore key best practices and show how leveraging group/cooperative purchasing can help you master the art of strategic sourcing.

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Smart Public Procurement for Better Public Spending in Latin America and the Caribbean

Inter-American Development Bank

In other words, smart procurement also considers the potential social and developmental impacts of public spending, rather than solely focusing on rule compliance or the cost of resources. Improved procurement strategies could reduce public debt by as much as 1.8% of GDP, according to FISLAC calculations.

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How Certified Procurement Professionals Drive Efficiency in Supply Chain Management

The Procurement School

Courses designed for this purpose do more than just impart knowledge; they shape the future of procurement by fostering a deep understanding of its principles and practices. The impact of such training is significant, leading to more streamlined procurement processes and better decision-making in supply chain management.

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Six opportunities to promote resilience and decarbonization through fiscal policy

Inter-American Development Bank

Learn more about the IDB’s work on fiscal policy and climate change.

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