Procurement Transformation Guide

Where is Your Organization on the Procurement Maturity Curve?

You have probably seen the statistics showing that the leading companies on the Fortune 500 have approximately 70% to 80% of their indirect spend under management. These organizations can also achieve anywhere from 2% to 4% incremental savings year over year on this spend through optimizing the procurement strategy for just their indirects.

How are they doing that? And how does your company stack up?

In this perspective, we’ll illustrate a few examples of companies that look just like yours and that are asking the same questions you are about what is right for them in terms of their procurement strategy.

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“Insight Sourcing Group has been instrumental in our business transformation and has enabled us to become leaner and smarter with our indirect spend. We engaged them for a complete procurement transformation project which started with a spend assessment to identify target opportunities for immediate savings impact. ISG’s evaluation also included a review of our existing procurement function and recommendations for a future-state, enhanced procurement organization that will position us for long-term success. In executing upon the recommended opportunities, Insight Sourcing Group truly partnered alongside our team to deliver tangible value. The ISG team has been an amazing partner and has built a strong, credible brand reputation within our walls. I am very pleased when I reflect on the journey and the significant progress that we have made together.”

 

Andy Amrhein
Vice President, Global Financial Planning & Analysis
Under Armour Inc.

Insight Sourcing Group

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