The Procurement Maturity Curve: A Four-Stage Hierarchy of Value

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Maslow’s hierarchy of needs theory examines the motivations behind why people do things, not what they do. This focus on priorities also applies to any of the functions in an enterprise…especially procurement.
In our four-stage hierarchy of value, you’ll learn how procurement will always have the need to achieve savings, but also why that’s no longer enough. Because, once savings are identified and achieved, to climb the procurement maturity curve organizations will have to constantly evolve to become more collaborative, risk focused and compliant to bring ever more value — and influence — to businesses.

The Procurement Maturity Curve: A Four-Stage Hierarchy of Value