HfS Research and SIG partnered in February 2014 to launch a semi-annual procurement benchmarking study, the Procurement Value IndexTM. Procurement organizations continue to feel pressure to deliver more strategic categories across a widening array of geographies, while responding to increasingly demanding levels of performance and insight. Consequently, many organizations have considered leveraging outside services from consultants and outsourcers to advance their capabilities, in addition to investing in new technology tools and platforms. This study provides benchmarks, from a broad range of procurement and operations professionals, that measure the mix of procurement talent, technology, services and process capability to assess the performance gaps across procurement disciplines.

In this keynote session, HfS and SIG will share the results of the inaugural study, including:

• the most important issues impacting the success of current procurement strategies
• the progress procurement organizations have made in meeting their goals
• the use and effectiveness of technology in procurement strategies
• the greatest opportunities procurement organizations face
• experiences related to outsourcing services

Contributors: HfS Research, SIG
Categories: 2014 Spring - Nashville, Summit Presentations
SRC Type: Procurement Operations, Sourcing, Trends