Gartner Research

Structuring Procurement Policy and Steering Committees

Published: 20 January 2014

ID: G00386226

Analyst(s): Procurement Research Team

Summary

Faced with ever-increasing pressures to cut costs, a growing number of companies consolidate enterprise-wide purchasing of goods and services under the governance of a center-led procurement organization. To provide leadership over the procurement organization, many leading companies create policy and steering committees to oversee the formulation, implementation, and enforcement of sourcing and vendor management processes.

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