The procurement landscape is changing – primarily driven by market and economic dynamics, technological advancements and new ways of working. Add to this, evolving aspirations of procurement professionals and the need for procurement to ‘partner’ with other business functions, end up disrupting all dimensions of procurement.
In such a scenario, a traditional operating approach focused on incremental improvements won’t work. The procurement operating model must transform to a future-fit one. This can only be achieved by a thorough review of the current landscape that considers existing gaps and future needs, to create a ‘procurement function of the future’.
Benchmark the state of your procurement function. Take our short procurement operating model maturity survey to discover: