Gartner Research

Metrics to Evaluate Procurement’s Impact on Sourcing Speed

Published: 02 September 2016

ID: G00386100

Analyst(s): Procurement Research Team

Summary

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.

Table Of Contents

More Detail

Prove that Procurement Isn't Slow

Expand Perception of Value With Real Examples

©2020 Gartner, Inc. and/or its affiliates. All rights reserved. Gartner is a registered trademark of Gartner, Inc. and its affiliates. This publication may not be reproduced or distributed in any form without Gartner’s prior written permission. It consists of the opinions of Gartner’s research organization, which should not be construed as statements of fact. While the information contained in this publication has been obtained from sources believed to be reliable, Gartner disclaims all warranties as to the accuracy, completeness or adequacy of such information. Although Gartner research may address legal and financial issues, Gartner does not provide legal or investment advice and its research should not be construed or used as such. Your access and use of this publication are governed by Gartner’s Usage Policy. Gartner prides itself on its reputation for independence and objectivity. Its research is produced independently by its research organization without input or influence from any third party. For further information, see Guiding Principles on Independence and Objectivity.

Already have a Gartner Account?

Become a client

Learn how to access this content as a Gartner client.