Robust Strategic procurement process ensures a timely supply of goods and services that an organization seeks to meet its key objectives. It carries proven actions aims at reducing the overall supplier base, negotiations, communications, and working to maintain abiding relationships with suppliers. It is relevant not only with globalization aspects but also on the sales side, it enhances constraints on the company’s prices and on the purchase side, it opens up new prospective. Digital Procurement Strategy works with the development of cost saving communications, improved procedures and logistics, high consumer demands, increasing environmental awareness and transparency requirements, and dynamic competition. Procurement strategy framework should include the below mentioned elements to yield the best results, • Deep analysis of organizational spend • Go through the strategy statement of the Rational and the Basis • Determination of deliverables for the desired outcome • Timeframe and deadlines after assessing market conditions • A tactical plan about strategy implementation • The standards used to evaluate your process, Execute, Manage, and Refine • Proper analysis of worthy tools such as TCO, SWOT analysis, SCOPE analysis, Category Positioning Matrix, etc. An effective Procurement strategy couples organizational efficiency, effectiveness, and profitability, and assisting the building of new business models, products, and services. It helps an organization to minimize errors like purchasing without defined tasks, and failing to pull off efficiency despite appropriate and satisfactory purchasing tools. In order to reduce costs and mitigate risks, constructive procurement strategy brings miracle. Its goodness depends on multiple factors including available budget, the purchase timeline, possible risks, total cost of ownership and more. Looking for an extensive tool to manage your procurement process? Then IndustryKart is a best option to accelerate procurement automation. Numerous benefits such as Supporting daily routine business and administrative functions, supporting complex decision-making processes will let any business to flourish like a Pro in Industry.