Management

Procurement 20/20

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Does my procurement organization already employ best-in-class practices,
sophisticated tools with the right talent, and the necessary formal
and informal cross-functional linkages?
Some 50 to 90 percent of the companies that answer this question will
respond “no.” On the one hand, this realization is a good indication of
readiness for change and the acceptance that development is needed. On
the other hand, though, these organizations should realize not only that
they are missing an opportunity today but also that they will not have the
basic building blocks in place to be ready for the challenges that the next
decade will bring.
How do we know that the gap is so large? Over the past five years,
McKinsey & Company has conducted more than 1,500 global procurement
studies. And we have also examined more than 700 procurement
organizations in detail and spent more than 2,000 hours interviewing
chief procurement officers (CPOs) and their staff members. The result
of this Global Purchasing Excellence (GPE) research is an in-depth
examination of the links between procurement health and corporate
performance.

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Detail Information

Series Title

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Call Number

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Publisher

: ., 2014

Collation

1-193

Language

English

ISBN/ISSN

978-1-118-80047-8

Classification

NONE

Content Type

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Media Type

-

Carrier Type

-

Edition

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Subject(s)

Procurement 20/20

Specific Detail Info

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Statement of Responsibility

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