The 4 Stages of Procurement Maturity

The 4 Stage Procurement Maturity Model - How Do You Score?

Every business must purchase goods and services to operate.

Each purchase a business makes provides an opportunity to add value.

As an organization grows and matures, the race to increase value while balancing an organization's people, processes, and technologies to obtain that value requires deft maneuvering and skillful navigation.

This report details a Procurement Organization Maturity Model to help you understand where your organization stands today, how to measure value at that stage, and when to plan for moving to higher stages towards best-in-class to spend smarter by tapping into the power of advanced negotiation and community “intelligence” to drive business innovation.

In this guide, you will learn:

• The 4 stages of procurement maturity, from tactical & operational to business innovation
• What people, processes, and technology you need to advance your procurement maturity
• How mature organizations use a 5- or 7-step sourcing process to maximize value

Achieve Procurement Victory at Every StageAchieve Procurement Victory at Every Stage

The three elements of Procurement–people, process, and technology–are all essential to pursuing advanced Procurement maturity. And they are interdependent.

Moving the organization to the second stage of maturity and beyond requires a solid technology base to support the organization’s people and processes.

Managing change both within the Procurement team and across the organization can be challenging. But the investment is well worth it.

With a solid technology base, people can spend more time on higher value aspects of strategic sourcing, manage more spend, and optimize the way the company purchases goods and services–maximizing value and driving innovation across the organization.

Are You Ready To Go The Distance With Procurement?

Download The 4 Stages of Procurement Maturity Gudie Now!