What does a Release Strategy determine in the procurement workflow?

A Release Strategy in the procurement workflow is crucial as it determines how a procurement request will be processed based on specific characteristics of the goods or services. This includes factors such as the type, value, or complexity of the procurement item, which influences how the request moves through the system, including the approval levels required and the documentation needed. It ensures that the appropriate procedures are followed based on predefined business rules and classifications, which helps streamline the purchasing process and ensures compliance with organizational policies.

While aspects like financial limits, supplier selection, and contract terms are important in procurement, they are not the primary focus of the Release Strategy itself. The strategy is more about the workflow and processing characteristics of the procurement rather than individual transaction details or supplier specifics.