External Benchmarking helps Procurement Organizations

 Determine Return on Investment (ROI) in procurement

Determine Return on Investment (ROI) in procurement

Identify capability gaps and key improvement areas

Identify capability gaps and key improvement areas

Show how to dramatically increase impact on the bottom line

Show how to dramatically increase impact on the bottom line

Beroe's Advanced Benchmarking offers

Organization Benchmarking

Benefits

Procurement's business value compared to industry peers

Key Parameters
  1. Cost of Goods Sold (COGS) as a percentage of revenue
  2. Inventory to Revenue
  3. Payables to Revenue
  4. SGC,A to Revenue

Procurement Performance Benchmarking

Benefits

Category maturity and performance

Key Parameters
  1. Category agnostic parameters 
  2. Qualitative and quantitative maturity questions

Spend Pool/Category Benchmarking

Benefits

Drive better supplier performance and save costs

Key Parameters
  1. Demand Metrics
  2. Specification Metrics
  3. Commercial Models | Savings Targets | KPIs and Service Level Agreements (SLAs)

Beroe’s Benchmarking Methodology: Crowd-sourced Data Benchmarking Capabilities via Beroe LiVE

Improve

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Continuous learning from results

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Adjust data inputs based on feedback from business users

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Set targets for improvement and continuous refreshing of data

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Recalibrate benchmarks

Analyze

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Centralized analytics

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Tailored reports based on need

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Deep dive data by industry, category, by revenue, by geography, etc.

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Trend analysis to scale results

Collaborate

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Post unstructured questions

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Share results with colleagues

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Follow up to validate data

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Set notifications for real-time update on responses

Plan & Collect

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Determine different benchmarking methods - polls, virtual roundtables and discussion

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Intuitive interface to post questions

Why Beroe's Benchmarking?

01.

Curated inputs from Beroe LiVE community of 10,000+ companies through polls and surveys

02.

In-depth competitive performance measurement on procurement peers / competitors by Industry, Region and Revenue

03.

Gap analysis based on underlying category strategy components like specification, KPIs / SLAs

04.

Intelligence that is up to date - Refreshed periodically

Other Beroe Offerings

Category Intelligence

Actionable intelligence, a key to procurement advantage

Commodity Dashboard

A holistic view of commodity-specific market conditions

Supplier Financial Risk Rating

Assess your suppliers’ financial risk across key parameters

R&D Catalogs

Enabling Procurement to help R & D departments stay competitive

Compliance

Supplier assessments on industry accepted compliance and governance parameters

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