In its benchmarking and best practice studies of major companies around the world, The Hackett Group has identified distinct stages of supply chain strategy maturation. Most broadly, in top-performing companies, supply chain strategy has matured to the point where the procurement function and procurement leaders have significantly wider influence within the enterprise and deliver significantly more business value than do their counterparts at typical companies.
A company's procurement capabilities and supply chain strategy can be classified as being in one of four evolutionary stages: Reactive, Planned, Aligned, or Strategic. Influence within and value to the enterprise grow as the procurement function matures through the stages:
The Hackett Group, a leading global strategy and operations consulting firm, offers benchmarking, advisory, and transformation consulting services that help procurement leaders to improve the performance of their organizations, elevate their supply chain strategy, and expand the influence and business value of procurement within the enterprise. The Hackett Group delivers deep experience and expertise, having worked with nearly 3,500 of the world's leading companies – including 93% of the Dow Jones Industrials and nearly three-quarters of both the Fortune 100 and the DAX 30 - on issues of performance optimization, business process engineering, and continuous process improvement, in procurement as well as other back-office functions such as finance and HR.
The Hackett Group's working capital group, REL, has more than 30 years experience across all facets of supply chain strategy. We can analyze your entire supply chain process from demand forecasting to order fulfillment, compare your process to proven best practices, identify and prioritize areas for improvement, and help you develop and execute an implementation roadmap. We also offer deep expertise in all aspects of fundamental procurement strategy, including options such as shared services and procurement outsourcing.
To learn more about how The Hackett Group can help you elevate your supply chain strategy, contact us.