Our survey of procurement activity at over 300 major global organisations showed that 75% of companies could increase savings by an astonishing 83% . We also found that Leaders outperformed Followers by 32% . Both groups felt that savings rates could be increased substantially if procurement capability and, in particular, category management activities were improved.
There are many reasons why procurement category management is not done as well as it could be, however the reward is substantial - increasing savings by 66%-113% , improving revenue through supplier lead innovation service levels and reducing supply chain risk.
Procurement Transformation is the route to this untapped supplier value with a greater
than 10:1 return on investment.
Our structured approach to procurement transformation drives change through four key levers.: