Establishing the right procurement operating model can be a game-changer. These revamped operating models are designed to create value that impacts all stakeholders and all facets of the organisation.
From supply chain finance and spend management to payment optimisation and analytics, these procurement functions have the ability to deliver on their potential by mitigating the value reduction that many organisations face today.
The extent to which each of the elements of the operating model is implemented will provide a clear image of which processes the organisation must focus its investments on and the type of investments required to elevate the procurement process.
Using these components, organisations can construct a plan and strategy that outlines a detailed roadmap of how procurement reaches new heights through its processes.