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- Shared Services and Procurement Cost
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Organizations often see shared services as a sure way of lowering procurement costs through consolidation. But is it that simple?
Type: Benchmarks and Metrics Topics: Purchasing, Supply Chain Management, Procurement, Sourcing, Supplier Certification, Shared Services, Organization and Management Processes: 4.0 Deliver Products and Services, 4.2 Procure materials and services, 4.2.1.2 Clarify purchasing requirements, 4.2.1 Develop sourcing strategies, 4.2.1.6 Seek opportunities to improve efficiency and value, 4.2.2 Select suppliers and develop/maintain contracts, 4.2.3 Order materials and services, 4.2.4 Appraise and develop suppliers- Relevance: 90%
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- Green Sourcing Is Spreading Across the Globe
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Organizations are revamping their procurement policies to be more sustainable and efficient.
Type: Articles and White Papers Topics: Purchasing, Supply Chain Management, Procurement, Sourcing Processes: 4.1.7.2 Establish sourcing relationships, 4.1 Plan for and acquire necessary resources (Supply Chain Planning), 4.1.7 Review distribution planning policies, 4.2 Procure materials and services, 4.0 Deliver Products and Services, 4.2.1 Develop sourcing strategies, 4.2.1.1 Develop procurement plan, 4.2.1.2 Clarify purchasing requirements- Relevance: 77%
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- Procurement Category Management: Faster Purchase Order Cycle Time
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APQC's Open Standards Benchmarking results show that organizations that have initiated category management programs in procurement show significantly shorter lead times with suppliers.
Type: Benchmarks and Metrics Topics: Procurement, Supply Chain Management, Sourcing, Supplier Partnerships Processes: 4.2 Procure materials and services, 4.0 Deliver Products and Services, 4.2.1 Develop sourcing strategies, 4.2.1.1 Develop procurement plan, 4.2.1.2 Clarify purchasing requirements, 4.2.2 Select suppliers and develop/maintain contracts, 4.2.2.1 Select suppliers- Relevance: 70%
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- Nonmember Price: Download FREE