How procurement BPM is changing the game for mid-tier organisations
Over the last 15 years, procurement has evolved into a function that provides competitive advantage for many large organisations. Senior executives have seen strategic procurement teams deliver significant cost reductions, a high performing supplier base and reduce risk in their supply chain. In contrast, procurement in many mid-tier organisations (MTOs) is less mature and does not maximise its potential contribution to the overall business objectives.
In this whitepaper, read about the major challenges facing MTOs and explore a new option for these organisations to deliver an effective procurement function via Business Process Management (BPM). A procurement BPM operator brings in proven procurement processes, leading IT systems, category knowledge, and a flexible cost structure. Recent experience suggests MTOs can achieve 10-20% savings on addressable supplier spend through a procurement BPM arrangement. This model has helped establish procurement firmly on the agenda for many senior executives of MTOs looking to reduce cost, improve supplier performance, and lower risk.
