Five Keys to Transforming Your Procurement Organization Into a Strategic Force
Five Keys to Transforming Your Procurement Organization into a Strategic Force
Top procurement executives share their views on evolving procurement from transactional to strategic
A SAS White Paper
Table of Contents
Executive summary ....................................................................................................... 1 There’s no status in the status quo ............................................................................. 2 What does it mean to be strategic? ............................................................................. 3 Four stages of procurement maturity ........................................................................... 3 Establish a cohesive purchasing function.................................................................. 5 Establish central governance ....................................................................................... 5 Develop strong people ................................................................................................. 6 Consolidate the supply base ........................................................................................ 7 Correlate suppliers’ business with their rankings......................................................... 8 Treat suppliers as allies, not adversaries..................................................................... 8 Consider outsourcing, with caution .............................................................................. 9 Gain a big-picture perspective ................................................................................... 10 Know your total spend and use it to your advantage................................................. 10 Look beyond price...................................................................................................... 11 Go global with the supply base .................................................................................. 11 Engage with internal customers
Top procurement executives share their views on evolving procurement from transactional to strategic
A SAS White Paper
Table of Contents
Executive summary ....................................................................................................... 1 There’s no status in the status quo ............................................................................. 2 What does it mean to be strategic? ............................................................................. 3 Four stages of procurement maturity ........................................................................... 3 Establish a cohesive purchasing function.................................................................. 5 Establish central governance ....................................................................................... 5 Develop strong people ................................................................................................. 6 Consolidate the supply base ........................................................................................ 7 Correlate suppliers’ business with their rankings......................................................... 8 Treat suppliers as allies, not adversaries..................................................................... 8 Consider outsourcing, with caution .............................................................................. 9 Gain a big-picture perspective ................................................................................... 10 Know your total spend and use it to your advantage................................................. 10 Look beyond price...................................................................................................... 11 Go global with the supply base .................................................................................. 11 Engage with internal customers