In large enterprises, procurement is no longer a transactional function focused solely on cost control. It is a strategic capability that directly influences risk exposure, regulatory compliance, supplier resilience, and value delivery across the organization.

Procurement best practices benchmarks provide organizations with a structured way to evaluate their procurement maturity, optimize performance, improve supplier relationships, and strengthen governance. In an environment where procurement plays a critical role in cost control, supply chain resilience, and strategic value creation, benchmarks help organizations align their processes with global leaders and drive continuous improvement.