5 Questions

3 Mins

Procurement Impact Self Assessment

Compare your procurement processes to the global market - and how impactful you are, or could be, on your business.

What You Get:

Your Procurement Maturity Level and Score

Your impact on your business in 8 key areas

Personalized, practical advice on how to reach the next level

Maturity Today

The current state of Procurement Process Maturity

The difference in business impact between basic and advanced procurement teams is dramatic. Across 8 performance metrics, such as compliance, budget control and speed to market, businesses with the most advanced procurement teams perform on average 29% better than the least sophisticated.

Where will you rank?

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Question 1

Which statement best describes your intake process for new contracts/suppliers?

We don’t have an intake process.

Procurement is partially involved in intake requests, and requests are received ad hoc and in inconsistent formats.

Departments handle their own procurement requests, while procurement oversees the process with multiple tools.

All intake requests come through a standard ‘portal’ or ticketing solution, proactively managed centrally by procurement across multiple tools.

Our intake process is automated and centrally managed, with custom intake forms for each department or request type, and incorporating criteria for pre-approvals and company policies.

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Question 2

Which statement best describes your approach to procurement request routing?

Our process is manual, unstructured and non-formalized.

We have a formalized and auditable process, pre-agreed and approved by core stakeholders.

We have a formal and mostly centralized process, inclusive of all approval departments (finance, legal, infosec) managed across email and teams’ project management tools.

We manage approvals across multiple systems and can track their status in real-time. We can route any that need compliance review to relevant stakeholders.

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Did you know?

Business with intelligent intake and routing are 29% faster to market than those with manual processes.

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Question 3

Which statement best describes your wider organization’s attitude to minimizing overspend and waste?

We don’t have a formalized procurement process.

Employees often bypass procurement processes to manage suppliers directly.

We have formalized budget and procurement processes in place, with spend tracking and well-understood rules for when a purchase requires an AP process or can be done via company card.

We have company procurement policies in place, including vendor management, negotiation training and real-time insights.

There is company-wide adoption of mandated procurement policies. Procurement has total understanding of approval process and is accountable for policy adherence and budget compliance. Next-to-no maverick spending.

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Did you know?

The businesses where procurement has created the most cost-aware cultures are 25% more in control of their cash flow, and 23% better at operating within budgets.

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Question 4

Which of the following best describes how audit and compliance is integrated into procurement processes?

Most of our procurement has no legal or compliance review and there is little or no regard for how Personally Identifiable Information (PII) is handled.

We have legal review for certain spend thresholds, and some case-by-case review by infosec / compliance teams.

We have formal legal and infosec / compliance review policies with an established approval matrix.

We have formal legal and infosec / compliance review policies and high confidence in adherence to regulatory requirements.

Intake forms automatically pre-approve or reject requests based on internal policies and external regulatory requirements. Relevant compliance stakeholders are automatically added to workflows. Processes vary by each region’s regulations, and suppliers are held to our own SLAs, not just their own.

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Question 5

Which of the following best describes your process for managing suppliers and benchmarking prices?

Supplier relationships are transactional and we have no access to price benchmarking data.

Beginning to use supplier performance metrics, and procurements uses its own experience to benchmark prices.

We actively consult our networks for price benchmarks and supplier intel, and we have a dedicated Supplier Relationship Management role.

We collaborate closely with suppliers and solve problems jointly, and invest in pricing insights from third parties (e.g. Gartner, Forrester or NPI)

Supplier Relationship Management and its continuous improvement is fully integrated into the procurement strategy. We have real-time pricing health updates based on external data, and recommended price targets are automatically given to request approvers.

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Now the real work begins!

Procurement Maturity Level 1

Your procurement processes are in the lower tiers of maturity. Over 90% of procurement teams have surpassed these stages - and have more impact on their businesses as a result.

But we can help. Fill in the form for customized practical advice from our procurement consultants to help you build the right next steps to leapfrog to the upper levels of procurement maturity.

It's a Start!

Procurement Maturity Level 2

Your procurement processes are in the lower tiers of maturity. Over 90% of procurement teams have surpassed these stages - and have more impact on their businesses as a result.

Good Job!

Procurement Maturity Level 3

Your procurement processes are in the middle tier of maturity, but 50+% of your peers have surpassed this stage - and have more impact on their businesses as a result.

But we can help. Fill in the form for customized practical advice from our procurement consultants to help you start having a positive, widely-recognised impact on the business as a whole.

Nearly There!

Procurement Maturity Level 4

Congratulations! You have reached an advanced level of maturity.

But there remains a whole level yet to achieve - nearly 1 in 5 of your peers’ processes are more efficient, support compliance better, and support faster speed to market.

But we can help. Fill in the form for customized practical advice from our procurement consultants to help you build the right next steps to drive your business even further.

Congratulations!

Procurement Maturity Level 5

Congratulations! You are in the top 18% of procurement teams, and among the most impactful teams for overall business performance.

But there is still work to be done. There’s another 44% of the market just behind you who are racing to reach your level.

But we can help. Fill in the form for customized practical advice from our procurement consultants to help you stay ahead of your peers.

You're Level 1

You're Level 2

You're Level 3

You're Level 4

You're Level 5

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