Combining Classic Strategy Benchmarking with Indicative Price Benchmarking in Procurement
22nd December 2009
Strategic benchmarking is often carried out as a stand-alone solution to improve a company’s procurement performance. However, given the continuously changing nature of supplier markets, such an approach is not optimal. This article describes the results of a real world project that combined classic strategy, organization and process benchmarking together with an innovative pricing approach. The keys to success in the project have been synthesized into a strategic and tactical business case for achieving tangible growth in profit margins.
Lansdowne Consulting published an article on this topic in the magazine PPS Management (4/2008).
