Procurement Benchmarking

Benchmarking is important because you want to understand your position against other organisations. Checking your maturity levels against other organisations helps you determine the level of investment to become a world class procurement function. Or perhaps you don’t need to be world class, as a smaller organisation you might want to attain a mature procurement model without the bells and whistles.

  • Understand current capabilities
  • Assess performance relative business value and strategy
  • Identify and prioritise improvement opportunities that offer the greatest potential return
  • Highlight and address areas of risk

Other  Links CIPFA,

Procurement Maturity Assessment