A Procurement Strategy is not just something for the Contracting and Procurement function. It should extend to supply chain and – for maximum benefits – to the R&D function as well.
For most Lubricants blenders, there cannot be a one size fits all arrangement that covers the Big Four additives suppliers (from whom many additives arrive in bulk) and those small and large chemical companies who deliver a few kilos per annum. It is preferable therefore to develop a series of approaches, segmenting the suppliers on volume and/or value to the customer. You might consider questions like
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