Proportion of average organisational spend that falls outside formal procurement management

targeted procurement savings typically lost due to maverick and non-compliant spend

Potential cost markup paid on unvalidated supplier quotes lacking target-cost benchmarks

“ A successful procurement organisation is almost invisible because everything simply works,” says David.“ Leaders have a clear view of spend across the business. Critical supplier relationships are strong and strategically managed. The company understands its risks before they become problems.”

Most importantly, the organisation becomes more predictable. Costs are better controlled, disruptions are less severe, supplier performance improves and leadership can make decisions with greater confidence.