Search
Close this search box.
Horizon 2024 is here! Join hundreds of procurement visionaries in Miami on May 15-17, 2024. Register Now!

Benchmarking is a systematic discovery of best practices and a stepping stone to innovative, continuous process transformation. By procurement benchmarking, organizations can identify problem areas letting procurement leaders set new targets and recalibrate operations to achieve better results. According to an analysis made by The Hackett Group in this report, world-class operating cost (i.e., procurement cost as a percentage of spend) is 18% lower than that of more typical companies benchmarked (i.e., the “peer group”).

Download this Research Report from The Hackett Group to know:

  • Why benchmarking the cost of procurement is important
  • What makes up procurement cost as a percentage of spend?
  • Essential performance measures to effective benchmarking
  • Guidelines for benchmarking labor, outsourcing, procurement technology and other costs
Gain Access To
Research Report
Privacy

Benchmarking is a systematic discovery of best practices and a stepping stone to innovative, continuous process transformation. By procurement benchmarking, organizations can identify problem areas letting procurement leaders set new targets and recalibrate operations to achieve better results. According to an analysis made by The Hackett Group in this report, world-class operating cost (i.e., procurement cost as a percentage of spend) is 18% lower than that of more typical companies benchmarked (i.e., the “peer group”).

Download this Research Report from The Hackett Group to know:

  • Why benchmarking the cost of procurement is important
  • What makes up procurement cost as a percentage of spend?
  • Essential performance measures to effective benchmarking
  • Guidelines for benchmarking labor, outsourcing, procurement technology and other costs

The preferred solution for world-class global enterprise

Mondelez International
Heineken
Lazboy Logo
Porsche
Radisson
Danone
Hapag
Tecom
Scroll to Top