Benchmarking firm finds top companies fielding fewer than one procurement official for every 1,000 total employees
- Top-performing procurement departments run their organization with fewer than one procurement official for every 1,000 total company employees. These lean organizations also demonstrate superior on-time delivery, lead time and other supply chain performance measures, indicating streamlined and automated systems that eliminate department waste, lower costs, and deliver outstanding customer service.
- Top-performing procurement departments support the realization of more than $150 million in revenue per procurement employee. Coupled with minimized supply chain costs, these organizations are having a profound impact on corporate profitability and shareholder value.
- Profiled companies claim purchasing savings of up to 25 percent off retail/un-discounted prices through diligent negotiation (not including volume discounts or similar reductions offered to each customer).