Maturity Study & Action Planning
The purpose of the maturity study is to provide subscriber institutions with an independent view as to the maturity of their procurement function and work with them to develop an appropriate improvement plan.
In addition the study will enable institutions to benchmark themselves within the sector.
The study runs over two years and follows the following process:
- Pre-assessment preparation completed by the Head of Procurement
- Interviews with Head of Procurement, Finance Director and any other key stakeholders
- Results Report assessing maturity and proposing potential areas for improvement
- Meetings to discuss feedback and prioritise actions
- Final report issued to institution
- Anonomised benchmarking data shared with participants after all assessments are complete
- Year end action review and updating of improvement plans
- End year two reassessment to quantify improvements.