Raising the World-Class Bar in Procurement Through Digital Transformation

Discover new opportunities for major performance gains for procurement organizations

World-class procurement organizations have a quantifiable performance advantage, which includes having 22% lower labor costs and 29% fewer full-time equivalents (FTEs) than more typical organizations. World-class organizations can continue to reduce costs by embracing digital technology, while the peer group can leverage the same technology to catch up faster and at less cost.

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The Hackett Group helps companies significantly improve the efficiency and effectiveness of their organizations. We objectively measure business performance and provide fact-based transformation plans for achieving and sustaining world class, based on data and analysis from more than 13,000 benchmarks. For the typical Global 1000 company, this could mean as much $302 million in cost savings and more than $3.2 billion in working capital.

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