SpendWorx conducts assessments in cases where a customer requires an evaluation of the underlying strategies, processes, organizational capabilities and enabling technologies that ultimately drive procurement performance. The scope of an assessment will generally be customized to the needs of individual clients but at some level will usually encompass an evaluation of the procurement operating model components shown below:

SpendWorx Procurement Assessment Framework

Strategy

• Strategic positioning and perceived importance of procurement relative to other business function
• CPO reporting level, role and responsibilities
• ​Integration of procurement objectives with overall business objectives

Organization

• ​Structure, roles, responsibilities, culture
• Resources and budget
• Skills and capabilities of personnel
• Relationships with internal business owners
• Support systems including policies, procedures, incentive and reward systems

Processes

• State of all strategic, operational and tactical procurement processes relative to industry best practices
• Benchmarking of key procurement process performance metrics against relevant comparable industry standards
• Appropriate utilization of leading enabling technologies across the procurement life cycle

Recent assessment clients 

City government  |  $800M consumer products manufacturer  |  $1.2B financial services company  |  $450M aviation parts distributor
$700M nutritional supplement manufacturer  |  $1.5B media services provider  |  $800M software company