Procurement maturity model
Achieving procurement transformation is no easy feat. To begin with, a company needs to consider its current processes to ensure a sustainable procurement maturity model and growth.
This is where a procurement maturity assessment comes in.
A procurement maturity assessment provides valuable information for any business. Especially those looking to tap into greater efficiency by enhancing their business model.
A procurement maturity model evaluates the current procurement standing of a business. This information supports the creation of a strategy that helps a business achieve its goals.
At Kronos Group, we help you build your procurement maturity model through customised business optimisation strategies. These are based on best practices. This is all while relying on the insights yielded by our swift maturity assessment tool.
Evaluate your critical business functions for greater efficiency. Leverage the insights of a Kronos Group procurement maturity assessment today.
Our approach to assessing procurement maturity
We use cutting-edge tools for the swift delivery of business expertise.
Our procurement maturity assessment tool scans your business activity and evaluates your procurement function to deliver:
Customised business optimisation strategies
Procurement digitalisation
Sustainable transformation
Procurement training
Outsourcing capabilities
Spend optimisation for procurement efficiency
Browse our expert insights on the procurement, finance, and project management fields.
FAQ
Process maturity is an indicator of a process’ ability for continual and consistent improvement through qualitative measures and feedback. A process maturity assessment evaluates this capability for continuous improvement and contribution to achieving organisational objectives.
If a process can contribute to organisational goals and objectives significantly—meaning that it is useful and is improving continuously—it is considered a mature process.
With a maturity model, businesses can:
- Identify flaws in process development operations
- Reduce costs through proactive error correction
- Improve operational efficiency through self-improvement
- Reduce post-release defects and essential enhancements
- Reduce time-to-market for products and services
You can determine the success of supply chain management by gauging the effectiveness, sustainability, and resilience of your supply chain.
In addition to that, there are a few key factors, which, if present, can indicate more holistic management success. These include:
- The presence of effective backup plans
- The quality of supplier and vendor pre-qualification programmes
- The use of advanced data analytics
- The use of supply chain automation
- The existence of resilient and sustainable supplier and vendor networks
