Which is the best strategy in procurement field to develop Business?

Simply speaking, successful adoption of 7 R's principles is the best strategy.

1. Principle of right quality
2. Principle of right quantity
3. Principle of right source
4. Principle of right price
5. Principle of right time
6. Principle of right place
7. Principle of right terms.

To develop business, one need to produce best quality  at reasonably lower price to capture the market. So. the principles to be ensured are:

1. Economy and effectiveness
2. best value for money.

The best strategy in the procurement to develop the Business is depended upon a clear plan in the selection the main supplier and sub-supplier to achieve all deliveries at the site on time with high quality of the the material categories.The Supply chain has to be completed as per the specific program in co-ordinate with the Project Management to be all supplies and material at the site without delay. Therefore, the best strategy has to be considered the following :

1- Supply as per the technical specifications

2- Selection Qualified and well-known suppliers and sub-suppliers 

3- Definition the requested Quality and Quantities

4- Reasonable and fair prices for all material and equipment

5- Specific time for delivery of each category of the material

6- Contractual conditions for the deliveries as per the International standard

If this question relates to making a procurement department more cost functional, then well documented processes and guidelines are required. In addition contracts or MoU (memorandum of understanding), will reduce the 'red tape' applicable to process.

Finally, the inventory master data file and supplier file detail need to be complete.