Procurement transformation helped this client save more than 16%, improve spend transparency, standardize and integrate source-to-pay, and develop new competencies.
This company had undertaken procurement transformation initiatives in the past, only to experience eroding benefits. With a new chief procurement officer and new alignment to report to the finance organization, they were ready to embark on a strategic, value-driven transformation journey.
KPMG’s team of advisors performed current state analysis utilizing KPMG’s proprietary Procurement Maturity Assessment and balanced 360° Review and then conducted multiple workshops to establish a set of future state, mission-focused guiding principles for the client’s procurement function.
The advisor team worked further with the client to design a new procurement operating model using KPMG’s Category Ownership Framework, facilitate stakeholder buy-in with KPMG U-Collaborate, and revamp the procurement section of the client’s SharePoint intranet platform.
Three years into the five-year transformation, the client’s corporate procurement group achieved:
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