Over Half Have Adopted a GPO Model for Their P2P | Market Insights™
57% have adopted a GPO model for their P2P; however, the majority are still in the nascent stage
57% have adopted a GPO model for their P2P; however, the majority are still in the nascent stage
While the majority of organizations have a standardized P2P process, most also have significant variations by geography and/or BU
Technology has significant impact on procurement processes
Over 80% of organizations have either adopted or plan to adopt a process-driven approach
The majority of organizations have no plans to implement an end-to-end ownership structure going forward due to divergent business objectives of the two functions
The definition of FAO is evolving to include an end-to-end approach, industry-specificity, and integration of contiguous processes/functions
End-to-end procurement process outsourcing contract share triples as buyers seek maximum value creation from their outsourcing efforts
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