What is the title of the strategy that determines material procurement and distribution of products?

The title of the strategy that determines material procurement and distribution of products is known as Supply Chain Strategy. This strategy encompasses the overall plan for sourcing, procurement, production, and distribution within a supply chain. It focuses on the efficient and effective flow of materials, information, and finances as products move from suppliers to manufacturers to consumers.

A well-defined supply chain strategy aligns with the organization’s overall goals and helps optimize operations, reduce costs, and improve customer satisfaction. It ensures that the right products are available at the right place and time, which is essential for maintaining competitive advantage in the marketplace.

In contrast, the other strategies listed do not specifically focus on the logistics and operational aspects of supply chain management. The Product and Service Development Strategy pertains to the innovation and lifecycle management of products. The Marketing and Sales Strategy centers around promoting and selling products to customers, and the Human Resource Strategy focuses on workforce management and development. Thus, these alternatives do not encompass the broader operational scope of material procurement and distribution.