The Procurement Maturity Model

The New Era of Procurement After ushering companies through years of the pandemic that brought with it supply shortages, rising costs, global scarcity issues, and a demand to meet stricter ESG goals, chief procurement officers (CPOs) have earned their seat at the executive table. But while procurement has been recognized for its positive impact, dealing with these challenges has sometimes come at the cost of burning out procurement teams. In this new era, procurement organizations with more advanced people, processes, and technology can reduce the impact of detrimental disruptions while adding value through smarter, more cost-effective, and more sustainable purchasing. This report guides you through four stages of the Procurement Maturity Model to help you understand:

• where your organization stands today
• how you can measure value at each stage
• when you can plan to move to the next stage

There’s never been a more relevant time for you to innovate and find a path to achieve best-in-class procurement.

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