I would recommend that you need to do both, for two reasons.1) A departmental (or division, or business unit, or any other segment of a business) strategy can only make sense if it is supports the strategy of the overall business. For example, a purchasing strategy to focus on relationships with a small number of key suppliers at the expense of the absolute cheapest price from a wider range of suppliers, only makes sense if the company strategy is to commit to services or products that those suppliers help produce. Obtaining components for a set of products that are short term cash cows might be better served by an aggressive multi-supplier lowest possible price purchasing approach that maximises short term profit (valid for a cash cow)2) Many aspects of a purchasing strategy SWOT would be defined by the larger business entity. For example, ability to dominate a sub-segment of the supplier base is not a characteristic of the purchasing department, but of the firm as a whole.