Procurement maturity

Very informative insight about the key contributions of Procurement. Now, it is highly linked to adapting your way of modelling your Procurement organization as per the maturity level of the company. Therefore, flexibility and business environment understanding are deeply relevant. And, as mentioned in this article, “It is fair to say that spend analysis, cost modelling and strong procurement ‘execution’ capabilities are the prerequisites of a value-adding procurement organization”. Never forget the basics of Purchasing before all.

https://www.scmr.com/article/book_excerpt_procurement_maturity_understanding_performance_versus_value

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