Benchmarking

Benchmarks Versus Best Practices: A Case for Both

Posted: 03/06/2020 - 23:01
Benchmarks Versus Best Practices

A topic that comes up time and time again in discussions with clients is the idea of benchmarks as a means to drive high performance. Are benchmarks valuable? How much emphasis should we place on them as we think through what we want to get done in our function?

This topic isn’t specific to procurement. It’s relevant across the board, regardless of function. But it’s an especially acute debate on the General & Administrative side of the house, where procurement plays a significant role.

Benchmarking: Procurement’s Next Big Competitive Advantage

Posted: 12/20/2018 - 03:45
The procurement industry is at a crossroads. Procurement executives are tasked with delivering value that impacts the bottom line, but demonstrating that value to stakeholders, finance and other departments is easier said than done. Almost every CPO strives to lead a best-in-class function, but how do we know what best-in-class actually looks like? 
 

The digital transformation journey

Posted: 05/06/2016 - 19:59

Business leaders and technology executives are deluged by the rhetoric about disruptive digital technologies coming of age, companies and whole industries going digital.

Maturing and new technology tools, combined with rapidly changing technology usage patterns of businesses and consumers, are forcing a rethink, even a re-imagination of what companies can do. Obviously there are leaders and there are followers, with every success story probably preceded by unsung failures.

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