The future of procurement
The report discusses the transformation of procurement functions, emphasizing operational maturity, technology integration, and strategic partnerships.
(Generated with the help of GPT-4)
Methods
The research method involved gathering insights from Mike Benvenuto, Chief Procurement Officer at Aon, and analyzing global research on organizations with mature operations. The report also includes an assessment tool for evaluating operations maturity.
(Generated with the help of GPT-4)
Key Insights
The report explores Aon's procurement transformation, led by CPO Mike Benvenuto, focusing on operational maturity, technology, and strategy. It highlights the importance of structure, technology, and strategy in overcoming barriers to mature operations. The procurement team at Aon drove significant savings, built credibility, and became integral to strategic initiatives such as sustainability and diversity. The report emphasizes the role of automation and data in procurement, and how Aon's procurement model helped manage spending during the pandemic. It concludes with advice for building operational intelligence and an invitation to assess operations maturity.
(Generated with the help of GPT-4)
Additional Viewpoints
Categories: 2021 publication year | English publication language | Global geographic scope | automation | data | data analysis | ecosystem partnerships | operational intelligence | pandemic response | procurement | stakeholder relationships | strategy development | sustainability | technology integration