Sept 27 – Oct 1: Tail Spend ROI, Supply Chain Skills Gaps, and Supply Partner Risk

Big News – Art of Procurement Mastermind LIVE Fall is officially open for registrations! This event, which will take place on October 26th and 27th from 10am – 1pm ET, will give you all the tools you ...
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When procurement looks in the mirror, what do we see?

Sometimes a post on social media connects with people such that it takes on a life of its own. That happened this week in the wake of the Ivalua NOW event in Paris.

Philip Ideson shared a picture of Duncan Jones from Forrester Research sharing a striking statistic about procurement’s self-assessed v. actual maturity. You can see the image above, but here are the raw numbers:

  • Procurement organizations who self-assess as at the beginning of their maturity curve: 4%
  • Procurement organizations who are actually at the beginning of their maturity curve: 60%
  • Procurement organizations who self-assess as advanced: 65%
  • Procurement organizations who are actually advanced: 16%

While it is fair to ask questions about the Forrester methodology and maturity framework that might explain away some of the discrepancy, the fact remains that procurement’s perception of our own maturity is significantly skewed from reality. As a profession, we are significantly overestimating our organizational maturity by a huge margin.

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Webinar Recommendations for May 18 – 22, 2015: Trusted Advisor Status, Supply Risk, The Road to Resiliency

Any one of this week’s recommend webinars will be a good pick if you are looking to increase your skills, your influence, or your … click on the title of each to connect to that event on our calendar and link to the registration page.

 

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