Every business must purchase goods and services to operate, and each purchase a business makes provides an opportunity to add value. As an organisation grows and matures, the race to increase value through balancing the organisation’s people, processes, and technologies requires deft manoeuvering and skillful navigation. This is the Coupa’s Procurement Model
This e-book, produced by our partner, Coupa, details a Procurement Maturity Model which helps you to understand where your organisation stands today within the four-stage model. It also outlines how to measure value at that stage and when to plan for moving to higher stages towards best-in-class.
The Coupa Procurement Model focuses on 3 interdependent elements:
In assessing your organisation’s position in relation to these three elements you’ll make a judgement on whether your organisation operates at a tactical and operational level, a sourcing mastery level, a category strategy level or, whether it operates at the highest level of ‘business innovation’.
A must-read for both procurement and finance professionals, download the e-book now to find out how you can make step change improvements in cost management.