Benchmarking the Procurement Function (15 slides)
What best practices or service innovations have become more prevalent in the delivery of the procurement function in government? How do the current procurement practices in an agency compare with best practices?
Examples of common/best practices include:
- Investment planning/ long term capital planning
- Procurement forecasting
- Sourcing strategies for key goods & services
- Range of procurement models based on operational needs
- Integrated supply chain management systems
- Simplified procurement for low risk/ value procurement
- Centralized processing of procurement transactions
- Client account executives for larger clients
- Procurement portal
- Procurement cards
- Asset management lifecycle approach.
Procurement benchmarking template
The procurement benchmarking tool provides a work plan and template to help compare the delivery and practices of the procurement function with those of other jurisdictions/ organizations.
The benchmarking steps are:
- Identify potential organizations to participate in the benchmarking
- Prepare profiles of the benchmark organizations
- Compare delivery models and practices by dimension/criteria
- Summarize the results of the comparisons.
Dimensions/criteria specific to procurement are provided to help compare with procurement delivery models and practices of other jurisdictions (see preview charts).
Also included are examples of procurement common/best practices under each dimension as well as five level capability maturity descriptions to help situate your procurement practices relative to common/best practices found in the benchmark organizations.
After you acquire the tool, you will receive an email with a link to download the template (15 slides) in a PowerPoint fully editable format as well as the Benchmarking Guide (8 pages) in a Word format.