A 21-Question Health Check to Score Your Procurement Scorecard (Part 3) [PRO]
As the old business adage goes, â€śwhat gets measured gets done.â€ť This is certainly true in procurement. If you want to do the right things for yourself and your stakeholders, you need to measure the right things and do it efficiently. You also need to ensure that you are measuring what your stakeholders want and what you are in fact delivering. Itâ€™s a foundational competency. In fact, in the most recent Hackett Group procurement key issues study, â€śvalue contribution visibilityâ€ť ranked third in terms of procurement key capabilities that were viewed to be major or critical. This is the last post in a three-part series providing a 21-question â€śhealth checkâ€ť for your procurement scorecard, this time covering questions 16-21. We will also be publishing an abridged version of this series for our Plus subscribers.