The Hackett Group

The Hackett Procurement Capability Model: Assessing Capabilities to Deliver Procurement Value

Adapted by Pierre Mitchell, Senior Business Advisor, from "2020 Vision: Delivering on the Evolving Value Proposition of Procurement," The Hackett Group 2008 Book of Numbers™ .

Executive Summary

To move up the maturity curve, procurement executives need to understand where they currently are in terms of people, process and technology. The Hackett Procurement Capability Model expands on proven best practices that are correlated with world-class performance and organizes these practices by capability rather than tying them strictly to business processes. It also supports practical solutions by identifying weaknesses, predicting future staffing needs, prioritizing investments in tools and technology, and establishing better strategic alignment among all parts of the enterprise.

About The Hackett Group

The Hackett Group helps companies significantly improve the efficiency and effectiveness of their finance, IT, procurement and HR 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 4,000 benchmarks. For the typical Global 1000 company, this could mean as much $186 million in cost savings and more than $3.2 billion in working capital.

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