Procurement Purchasing Profile: Insurance Industry, Procurement Practices Report

Published On:
May 08, 2023
Authored By:
Members-Only Content:

APQC conducts research on supply chain and procurement to help organizations assess the performance of their own processes and functions compared to their peers. This survey-based research gathers quantitative data as well as information on practices or performance drivers.

This report focuses on the current state of selected practices related to purchasing. It provides an insurance industry perspective on the value of materials and services purchased, sourcing origination, cost of procurement processes, full-time equivalent employees performing procurement processes, cycle time to issue purchase orders, and more.