How is a release strategy defined in the context of procurement?

A release strategy in the context of procurement is best defined as a predetermined workflow path based on the characteristics of goods or services. This strategy outlines the specific conditions under which a procurement request can be processed and released. It helps organizations manage their purchasing activities efficiently by ensuring that each request goes through the appropriate levels of approval and review based on predefined criteria such as value, item category, or supplier.

By having a structured release strategy in place, organizations can maintain better control over their purchasing processes, mitigate risks associated with procurement, and ensure compliance with regulatory or internal guidelines. This is key in optimizing workflow and aligning procurement activities with overall business objectives.