Know how to leapfrog maturity levels
May 18, 2021
May 18, 2021
The operations maturity journey is a marathon, not a sprint. But staying on course has clear rewards. Our analysis reveals that even a one-position climb in operations maturity can lead to a projected 17% increase in global profits.
Building ecosystem relationships is a powerful way to leapfrog levels. The old adage of “don’t go it alone” certainly applies. Working with partners allows organizations to act fast, tapping into existing capabilities, resources and networks without building them themselves. Procurement executives are seeing the business embrace this strategy.
Thirty-seven percent say that ecosystem partnerships have improved over the past three years, noting that the pandemic reinforced the need to keep such partnerships top of mind.
CPOs are natural ecosystem builders who interact with two kinds of ecosystems every day.
Fast-track your journey to operational maturity and take advantage of transformational value—increase performance in efficiency and profitability, improve innovation, strengthen ecosystems and deliver excellent customer and employee experiences. Discover more in our main global research.
Global financial institution moved to digital procurement function to outmaneuver uncertainty and boost compliance. Learn more.