October 25, 2007 - How can procurement organizations evolve from a traditional tactical sourcing focus to a comprehensive position of value management? By moving through five discrete stages, which help them develop new skill sets and operating models enabling them to eventually reach a point where procurement’s sole agenda is to advance and support business strategy, according to new research from The Hackett Group.

Hackett’s research, “Evolving the Value Proposition of Procurement – A Five-Stage Model,” looks at today’s procurement environment. It endeavors to answer the question being asked by many procurement executives today, “What is the future of procurement and how can I evolve my value proposition to sustain and improve long-term relevance?” The research describes the path that leading procurement organizations follow as they evolve towards world-class performance levels.

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