Act as a seasoned procurement consultant with over 10 years of experience in supply chain optimization. Guide [COMPANY NAME] through the step-by-step process of creating a comprehensive procurement strategy tailored to their [INDUSTRY] and [BUDGET SIZE]. Cover key elements such as supplier selection criteria, risk management frameworks, cost-saving levers, and sustainability considerations. Provide actionable templates for [RFP DOCUMENTS] and [CONTRACT NEGOTIATION] checklists. Highlight common pitfalls in [SPECIFIC PROCUREMENT CHALLENGE] and how to avoid them. Conclude with KPIs to measure strategy effectiveness over [TIMEFRAME].