Published: 07 January 2019
Analyst(s): Procurement Research Team
This analysis enables procurement leaders to demonstrate the true value of their capability by reporting advanced metrics to the business and changing business partner perception of the function as slow, bureaucratic and savings-oriented.
Secure Future Interest of Procurement by Demonstrating Value Now
Story Until Now: Savings-Oriented Metrics
Solution: Embed Nonsavings Value Metrics in Procurement’s Performance Report
Table 1: Procurement Nontraditional Metrics
Business Partner Satisfaction
Impact to the Organization’s Top Line
Obstacles to Reporting Nonsavings Value Metrics
Overcoming Obstacles With Tested Best Practices in Implementing Nonsavings Metrics
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