What metrics demonstrate to stakeholders that procurement’s involvement in sourcing doesn't slow decisions? Leading firms collect data on the average, minimum and maximum timeframes for both procurement-run and business-run sourcing engagements. To improve apples to apples comparisons, segment out "sole source" engagements from competitive sourcing projects. Provide average prior contract savings figures to further demonstrate spread between Procurement run and business run projects. Advertise real examples of initiatives that drive value beyond cost.
Prove that Procurement Isn't Slow
Expand Perception of Value With Real Examples
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