Predicting the future of business spend, faster

Coupa + MIT Data Science Lab move beyond sentiment

Coupa

Powered by AddSearch

White Paper

World-Class Procurement: Redefining Performance in a Digital Era

The Hackett Group Logo

The Hackett Group explores how traditional procurement organizations have been given a new way to re-evaluate the way they work and accelerate progress toward world-class status with the emergence of digital tools.

world class procurement white paper cover

interior page of world class procurement white paper

World-Class Procurement Performance 

Based on benchmark data from The Hackett Group, adopting a customer-centric approach to service delivery empowers world-class procurement organizations to influence 93% of spending and generate 75% more savings compared to their peers.

Digital tools have not only fast-tracked typical procurement organizations towards world-class status, but also prompted a re-evaluation of their work processes.

Read The Hackett Group, World-Class Procurement: Redefining Performance in a Digital Era, to learn:

  • How to become a world-class procurement organization and attain a strategic partner role in your business
  • Why organizations must move beyond inward-focused KPIs to also measure the experience of their key internal and external customers
  • Six critical action items for procurement organizations that will deliver the quickest benefits

"Procurement organizations are moving beyond inward-focused KPIs to also measure the experience of their key internal and external customers."
-- Laura Gibbons and Christopher S. Sawchuk, The Hackett Group

FAQ

What challenges are pressuring procurement organizations to go digital?

Rising consumer demands, disruptive technologies, and fierce competition - discover the driving forces compelling procurement to embrace digital transformation or risk being left behind.

What are the three key dimensions of digital value for procurement?

Efficiency, Effectiveness, and Experience - uncover the 3 E’s shaping the digital landscape for procurement. Learn why measuring customer experience is as vital as internal metrics in the digital era.

What are the six interconnected capabilities driving procurement excellence in the digital age?

Procurement success begins with six service delivery capabilities: Technology, Service Design, Analytics & Information Management, Organization & Governance, Service Partnering, and Human Capital. Explore how they shape the digital future of procurement.

Oh! It looks like you opted out from using the needed cookies. If you are interested in using the AI Agent, then please opt-in to the cookies in the preference center.

Update preferences