2024 Sourcing and Procurement Blueprint for Success: Executive Summary

Published On:
August 23, 2024
Authored By:
APQC
Public Content:
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APQC’s Sourcing and Procurement: 2024 Blueprint for Success is a guide for achieving best-practice performance. It details how procurement processes and activities relate to the enterprise; provides key performance indicators (KPIs) for procurement costs, cycle time, and efficiency; and reports on the latest benchmarks for top performers.

This report also includes critical performance drivers, supported by data from APQC’s Open Standards Benchmarking research in procurement and examples from successful organizations. Sourcing and procurement professionals can use this information as a toolkit to become strategic business partners driving innovation, productivity, and supply chain resilience.

The report provides a framework for optimizing the core processes comprising sourcing and procurement:

  • Provide sourcing governance and perform category management
  • Select suppliers and develop/maintain contracts
  • Order materials and services
  • Manage suppliers

Access the full report to learn more.

Also found in Supply Chain Management Blueprints for Success Reports, Understanding Procurement Benchmarks and Best Practices
Type:
Articles
Topics:
Supply Chain Management, Procurement, Purchasing, Sourcing, Supplier Relationship Management, Procurement Analytics

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