Trends
26/10/2007 17:06
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Procurement leaders are often frustrated by internal budget cuts that limit their capacity to establish a "comprehensive position of value management", it has been claimed.
A report from the Hackett Group insists that the various demands on procurement managers is making it increasingly difficult to do arrange deals that extend beyond what it calls the "low hanging fruit".
The group suggests these obstacles can be overcome by going through a process of evolution, but warns that it could take a business between five and ten years before it has the finished article in procurement terms.
Hackett's senior business advisor Pierre Mitchell said: "The levels we're detailing with this research build on each other, and companies will evolve at different rates based in their operating models and business needs.
"Some companies will even find that the highest levels are beyond their grasp. But if companies evolve their model annually and methodically self-fund new processes, projects and capabilities, they will make progress and see powerful benefits."
The Hackett Group claims that its procurement research has saved its client companies tens of billions of dollars since its founding 14 years ago.
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