Over the past decade, Ardent Partners has conducted more procurement-themed market research studies than any other firm or consultancy in the industry. In that time, Ardent has benchmarked thousands of distinct organizations across all aspects of their procurement programs. Ardent Partners’ Procurement Metrics that Matter in 2019 eBook is a compilation of the industry’s best and most widely-used procurement industry benchmarks captured in Ardent’s most recent state of the market report: CPO Rising 2019: Value Expansion.
These “Metrics that Matter” represent a window into the performance of procurement operations. Over the past few years, Chief Procurement Officers (CPOs) and other supply management leaders have been using metrics other that Spend under Management, identified/booked, and realized/actual savings as key performance indicators (KPIs) with which to assess and drive their operations. These metrics still matter, but procurement performance is more than dollars and cents; it’s also about winning influence, driving innovation, and managing and mitigating an ever-growing risk landscape.
With new performance metrics and KPIs, CPOs and other procurement leaders will need to view their operations differently and, by doing so, it will force them to manage their operations differently as well. The ability to make better-informed decisions across an organization can and will be game-changing. This new intelligence, coupled with procurement agility, and the CPO’s growing influence across the enterprise are going to be fundamental drivers that help push the procurement and supply chain management industries to the next level of performance.
These are just some of the high-level value propositions of working with procurement’s metrics that matter, which are identified and analyzed in Ardent’s Procurement Metrics that Matter in 2019 eBook. If you are a CPO, work in procurement or supply management, or are a stakeholder vested in their success, you will want to download this eBook. But, hurry! It will be available for a limited time only. Don’t delay — register below to download it, compliments of our sponsors, GEP, Ivalua, and Tradeshift.
