S2P for 2025 Checkup

When procurement as a discipline started gaining currency, the primary remit procurement professionals had was, well, to gain (or rather, save) currency.

As the discipline evolved to include more responsibilities, and dimensions like risk mitigation, supplier relationship management, new product development, their importance to the organization grew, and consequently, so did expectations from the C-Suite.

Today, in the Top 10% of organizations, procurement is a highly strategic and vital function that makes a real difference in many spheres it is involved in.
Speaking to analysts, industry practitioners, and most importantly, our own customers, we put together a framework to enable procurement professionals to make a real difference in their respective spheres.

Here’s what we propose

Procurement professionals interact with entities across 4 layers of a pyramid – much like Maslow’s Hierarchy of Needs, they start from basic functions & immediate stakeholders, and move up, both in scale of tasks and the quantum of entities they influence.

We’ve compiled questions in each of these four layers (or sub-functions within procurement) to effectively evaluate your readiness for procurement in 2024.