Direct procurement
Direct procurement’s scope is the raw materials or direct services required to produce goods or services for sale. It includes transactional procurement activities (e.g., master data management, purchase order and receipt processing, supplier scheduling, and compliance management), and sourcing and supply management activities (e.g., sourcing execution, supplier management, product development and design support).
Recommended Research
From Risk to Readiness: The Executive Playbook for Scaling AI in Technology
Most technology functions are advancing AI, but few are ready to scale. The Hackett Group’s Technology AI Readiness Playbook reveals…
From Risk to Readiness: The Executive Playbook for Scaling AI in Procurement
Only a small share of procurement teams are realizing the promise of AI, yet leaders like Micron and McCormick are…
From Risk to Readiness: The Executive Playbook for Scaling AI in HR
Human resources (HR) workloads are rising while staffing shrinks – and AI is key to closing the gap. Yet, most…
From Risk to Readiness: The Executive Playbook for Scaling AI in Finance
Half of finance leaders doubt their AI readiness, yet pioneers like IBM and Bosch are achieving 10%-15% productivity gains. This…
Related Insights
Transform Technology Performance with Gen AI
On this episode of the “Gen AI Breakthrough” podcast, Kyle McNabb leads a discussion with technology transformation leaders Jay Ruffin…
From Risk to Readiness: The Executive Playbook for Scaling AI in Technology
Most technology functions are advancing AI, but few are ready to scale. The Hackett Group’s Technology AI Readiness Playbook reveals…
From Risk to Readiness: The Executive Playbook for Scaling AI in Procurement
Only a small share of procurement teams are realizing the promise of AI, yet leaders like Micron and McCormick are…
Achieving Digital World Class® Procurement Excellence Through Gen AI
In today’s new world with Gen AI, procurement is evolving from a transactional function into a strategic partner, with leading…