Infographic: Optimizing Procurement's Processes from End-to-End

If Procurement professionals are known for one thing it’s their affection for a finely-tuned process. 

Procurement’s fondness for procedure has certainly annoyed some stakeholders over the years, but it’s also helped set the function apart as a dependable, strategic entity. No business unit is better equipped to get the trains on track and ensure they stay there in the long-term. 

Remember, there’s no one-size-fits all strategy for implementing processes and enforcing compliance. Your particular operations will vary based on organizational maturity, geographic distribution, headcount, and the complexity of Procurement’s technology. 

Though a number of variables will impact Procurement’s processes, it’s essential that the department not accept any variation once these processes are established. To optimize workflows, reduce cycle times, and avoid rework, organizations must insist on consistency in the way goods and services are sourced, procured, and contracted. Even isolated exceptions will send the wrong message and undercut Procurement’s efforts to gain executive respect. 

Push-back is possible – even likely, but the well-appointed Procurement department shouldn’t consider this an obstacle. Rather, it’s evidence that they’re doing their job.

Want to refine your Procurement team's approach to everything from spend analysis to relationship management? Check out the infographic below. For additional insights on the what, how, and why of Procurement's essential processes download Part 3 of Building an Effective Procurement Organization today.