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THE ROLE OF STRATEGIC MANAGEMENT IN THE PROCUREMENT PROCESS

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Tinatin Medzmariashvili

PHD Degree in Business Administration, Georgian National University SEU Invited Lecturer

Abstract

The modern era is characterized by a rapid pace of change. Therefore, it is important for all types of organizations

not only to respond to changes, but also to anticipate them. At this time, strategic management acts as the

main tool, which involves the development and implementation of plans that help the organization achieve its

desired goals and objectives. This process includes both strategy formulation and organizational structure and

resource allocation planning, as well as change initiatives and resource control. For operational activities, any

enterprise needs raw materials, related products, and various types of services provided by other organizations.

At the same time, business constantly needs to develop, acquire the necessary goods/services at lower costs and

of higher quality. Therefore, special importance is attached to strategic management when making purchases.

Keywords: Strategic management, Procurement, Procurement management, Procurement plan

Keywords: Strategic management, Procurement, Procurement management, Procurement plan

REFERENCES:

1.E. Chokheli. Strategic management, second edition,

Tbilisi, Georgia, 2013;

2.Strategic Management: Concepts and Contexts,

Fred R. David, Forrest R. David, 15th edition, TSU

Publishing, 2017;

3.Procurement and supply chain management, Kenneth

Lysons, Brian Farrington (Ninth Edition), 2016;

4.Strategic Procurement in Supply Chain Management:

7 New Expectation Skills for Effective Procurement,

Adisak Suvittawat, International Journal of

Applied Business and Economic Research March 2017;

5.The Strategic Procurement Practice Guide, Knowhow,

Tools and Techniques for Global Buyers, Ulrich

Weigel • Marco Ruecker, Springer, 2017;

6.PUBLIC PROCUREMENT METHODS, Identification

and Selection, Jorge A. Lynch T., 2019;

7.Milton Friedman, in a Fox News interview in

May 2004;

The New Economist N 1 (2024), Vol. 19, Issue 1

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Published Date:

04/04/2024