In: Operations Management
Does process improvement play a role with strategic procurement?
Process Improvement refer to betterment of certain Organizational processes like reducing inefficiencies, adhering to deadlines, quality monitoring, etc. This actually makes the process better and effective than what it was previously, process improvement will ensure that the strategy formulated or planned by the organization is procured as the process will be better and have a better probability of getting attracted or obtaining better aspects as well. It can be stated that yes, process improvement play a huge role with strategic procurement as well.