Diagnosing Your Consulting Procurement Maturity
Consulting Procurement Organizations should aim to reach a high level of maturity, where the team is using best-in-class practices and brings significant efficiency gains for the Procurement group and company as a whole. But before an organization can draw their path to excellence, it must first evaluate where it stands today on the Maturity Grid.
Is your Consulting Spend aligned with your strategy? Do your teams have an advanced understanding of the Consulting Market including trends and fee benchmarks? Did you implement dynamic management of your Consulting Panel? Do you use Demand Management to control your Consulting Spend?
The answers to these questions will help you assess the Maturity of your Consulting Sourcing Capability. Consulting Procurement Organizations should aim to reach a high level of maturity, where the team is using best-in-class practices and brings significant efficiency gains for the Procurement group and company as a whole. But before an organization can draw their path to excellence, it must first evaluate where it stands today on the Maturity Grid.
Understanding the starting point of your Consulting Procurement Journey is probably as important as defining where you want to go.
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