Chapter 5
Connecting procurement
The root cause of these problems is fragmentation in how procurement is done. The opposite is also the solution - connectivity.
If you’re ready to fix the 12 Problems of Procurement, you’ve got two options: hire more people (if you can find them) or become more productive.
Take “no visibility” as an example: work being completed (eg: sending a tender) is disconnected from reporting processes - so manual updates are needed to track progress. When done monthly, this means people are calling colleagues for updates.
With connected procurement, sending a tender updates the status report and your supply chain records automatically - perfect visibility.
This chapter illustrates maturity levels across 11 key aspects of procurement, and provides a benchmark report to help you assess where you stand.
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5.1 – Levels of maturity across 11 key areas
Maturity levels (or curves) are a way of benchmarking your behaviours against best practice.
The industry has shifted, procurement has evolved. See it for yourself.
Learn how your team can save 50% of their time spent procuring.
