Gartner Research

Procurement Functional Management Essentials

Published: 06 September 2017

ID: G00385933

Analyst(s): Procurement Research Team

Summary

Procurement has long been on a journey to become more strategic. However, Procurement’s main objective has changed as the function now needs to deliver savings as well as contribute to business partners’ most important objectives. As these demands change, Procurement must grow along with them. If not, its policies and strategies will quickly become out-of-date, dashboards will fail to align, and the organizational structure will be less effective. The best procurement shops continuously revisit and improve upon their core functional activities and make adjustments to maximize value creation.

Table Of Contents

Overview

Organizational Structure

Find the Structure that Fits Your Purpose

Strategic Plans

Procurement Policies

Functional Dashboards

Digital Investments

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