Improvement is not simply an idea: it is a process. And processes without frameworks are recipes for underachievement, or worse, chaos. For this reason, value leakages in procurement functions must be resolved in a systematic, progressive, incremental, and formalized manner.
continuous process improvement
the aspects of innovation, continuous assessment, and process enhancement. A structured framework of analysis and execution will help create value across the three dimensions of process, technology, and organization. Benefits of Structured Frameworks in Procurement By implication, and practically by definition, a structured framework involves assessing the current state of the process, measuring the efficiency drivers for the process, and continually innovating to plug sources of value depletion. However,