Strategic Project Management for Procurement Teams

Strategic Sourcing Reinforced with Project Management Capabilities

How can MeRLIN help you build a project management strategy for Procurement?

The Strategic Project Management module serves as a central business process that seamlessly integrates procurement activities like Supplier Onboarding, Sourcing, and Risk Management into a unified strategic goal. This ensures consolidation and real-time tracking of progress in strategy execution.

MeRLIN’s Strategic Project Management (SPM) enables cross-functional initiatives such as supplier consolidation, cost savings across teams, and collaborative strategic sourcing process execution while enhancing stakeholder visibility within the MeRLIN platform.

Strategy Definition

Define strategic procurement objectives & goals

Strategy Execution

Establish and execute project strategies efficiently

Stakeholder Access

Enable seamless access for non-procurement stakeholders

Track Collaboration

Monitor and report collaboration in real-time

Report Progress

Deliver transparent status updates to all stakeholders

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MeRLIN's Strategic Project Management

MeRLIN's Strategic Project Management (SPM) empowers companies to align projects with procurement planning software and strategic objectives, extending beyond category strategy to enhance project management in cross functional sourcing projects and drive transformation through strategic sourcing software.

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Features of MeRLIN’s Strategic Project Management

Enable Sourcing Strategy Execution by Creating, Managing and Reviewing Projects with Multiple Stakeholders

Strategy Definition

Define, review, and finalize strategic objectives.

Define Success Measures

Set and track success criteria for measurable outcomes.

Strategic Project Execution

Execute tasks & transactions using MeRLIN’s procurement project management software.

Define Roles

Assign roles and responsibilities to stakeholders to achieve the strategic objectives and achieve goals.

Project Insights

Review status of strategic objectives and track procurement project progress in real time.

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Frequently Asked Questions

What is project planning in procurement, and why is it important?

Project planning in procurement is the process of creating a structured plan that links procurement activities with overall organizational or project objectives. It ensures that purchasing decisions, supplier timelines, budgets, and risk controls are aligned with other departments such as finance, operations, engineering, and legal.

Strategic project management tools support this by standardizing the planning process, providing visibility into timelines and milestones, and enabling better tracking of supplier activities. This helps organizations reduce risks, improve coordination, and achieve stronger returns on procurement investments.

How does project tracking for procurement work in a strategic sourcing platform?

Project tracking in procurement within a strategic project management framework ensures that procurement milestones are fully embedded into the broader project lifecycle. Instead of tracking sourcing in isolation, it monitors how supplier selection, contracting, compliance, and delivery align with project schedules, budgets, and interdependencies across functions.

A strategic sourcing platform with project management capabilities provides:

  • Centralized dashboards to track procurement tasks against project timelines.
  • Cross-functional visibility, so finance, operations, legal, and engineering teams see dependencies and progress.
  • Risk and compliance checkpoints, built into each stage to avoid delays or overruns.
  • Performance insights, ensuring procurement contributes directly to project goals and ROI.

This approach transforms procurement tracking into a structured, strategic activity that drives accountability and timely execution across the enterprise.

Factsheet

Uncover meaningful insights from your sourcing data and trends that translates to new opportunities for savings and growth.

MeRLIN Strategic Sourcing Solution Factsheet