2019 CPO Agenda: Building Next-Generation Capabilities

What are the strategic priorities and initiatives of procurement leaders? The Hackett Group’s annual key issues study, identified major issues shaping the CPO agenda in 2019.

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2019 CPO Agenda: Building Next-Generation Capabilities

Featured Insights

A Successful Approach to Procurement Value Recognition

Procurement is mostly recognized for its successes in reducing and avoiding purchase costs. However, in the era of doing more with less this is no longer enough, and top-performing organizations are investing more in value-channel activities that track ways value is created beyond purchase-price reductions alone.

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Raising the World-Class Bar in Procurement Through Digital Transformation

World-class procurement organizations have a quantifiable performance advantage, which includes having 21% 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 Definitive Guide to Measuring Realized Savings

Measuring savings on indirect spending is deceptively difficult. Achieving savings visibility requires a combination of technology, process expertise and coordinated collaboration with the finance organization.

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Four Best Practices for Implementing a Source-to-Pay Technology: Technology Transformation at a Major Convenience Store Retailer

With an aggressive target for growth, this convenience store retailer acquired multiple companies to expand its overall reach in the United States.

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How to drive sustainable cost optimization through benchmarking

By moving to world-class performance levels, the typical company can save up to 17% in procurement costs that can be reallocated to fund procurement performance improvement initiatives or top-line growth initiatives.

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Contract Cash Scoring

Contract cash scoring – an easy-to-implement approach for both procurement and sales – elevates attention to cash flow considerations before a contract is signed.

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Infographic: The Digital Enhancement Opportunity in Procurement

Digital transformation offers procurement teams a significant opportunity to elevate and position as a more strategic, forward-looking and business-enabling function.

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