McKinsey’s latest benchmarking data highlights that those judged to be ‘leaders’ in procurement, have 40% higher maturity when compared to those in the middle of the pack.
The analysis suggests that companies with top-quartile procurement maturity have EBITDA margins at least five percentage points higher than their less mature peers.
“The best procurement organizations understand that success in today’s complex and fast-moving environment requires mastery of data-driven decision-making. They have invested in the digital infrastructure and analytical tools and capabilities needed to achieve this goal.”
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