SAP Ariba Benchmarking Report

Procurement Benchmark Survey InsightsKey metrics and bestpractices to improvesource-to-pay performance Lae alla document

ProcurementBenchmarkSurvey InsightsKey metrics and bestpractices to improvesource-to-pay performance
1. Benchmark data is obtained on a rolling basis through surveys available in the SAP Ariba Benchmark Program.2. Quartiles are grouped as follows: Top 25% of participants, average 50% of participants, and bottom 25% of participants.As the old saying goes: “Don’t look back—somethingmight be gaining on you.” The truth is, plenty ofcompanies could be threatening your marketposition, but without accurate data to tell you thereal story, you might not know until it’s too late.So what’s the best way to evaluate where you stand,and what steps you should take to get ahead?Benchmarking. And while tracking progress againstyour own internal goals is important, knowing howyou’re performing compared to competitors is evenmore crucial in today’s volatile economy.SAP makes this easier by regularly gathering andanalyzing extensive benchmark data from hundredsof leading companies worldwide, then providingaccess to the information in a series of reports.1Whether you need to build a business caseto support investment in procurement digitaltransformation, assess outcomes from yoursource-to-pay solutions compared to othercompanies, or identify KPIs to improve yoursource-to-pay function, the facts presented inthese pages can help.Based on benchmark surveys conducted over thepast two years, our report covers the key metricsin procurement processes across the source-to-pay cycle. Results are presented as top, average,and bottom quartiles to indicate the degree ofparticipant success.2 We also list best practicesthat elevate companies from an average level ofperformance or savings to best in class, offeringinsight into effective strategies you can use inyour organization.Benchmark your wayto better business success2 | 16