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Procurement mastery is not just about a better way to procure goods and services.
It is about transforming the procurement process into a value generator. Accenture surveyed more than 600 procurement executives across Europe, Asia and North America and found that 10 percent of companies are high-performance businesses. They are currently delivering 30 percent higher savings at 50 percent less cost to procure.
High-performance businesses approach six functional areas more strategically, more collaboratively and more aggressively in their use of technology and demonstrate a greater willingness to outsource. The areas are:
During this podcast, Accenture’s key findings in each of the six functions are presented. Listen to find out more about procurement mastery and its role in enabling high performance.
To learn more, read our related article Outsourcing and Procurement Mastery.