Published: 07 January 2019
ID: G00387733
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.
Introduction
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
Risk
Execution Speed
Supplier Innovation
Impact to the Organization’s Top Line
Obstacles to Reporting Nonsavings Value Metrics
Overcoming Obstacles With Tested Best Practices in Implementing Nonsavings Metrics
Conclusion
About This Research
Endnotes
©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.