Most procurement departments desire to raise their prominence in their organizations, yet few of them truly succeed. In many organizations, senior executives continue to perceive the procurement department as an administrative function rather than as a driver of business innovation, increased profitability, and continuous improvement.
Today, the Next Level Purchasing Association, a leading provider of training and certification for procurement departments, launched an online Express Course series to rectify this shortcoming. The series entitled Procurement KPI’s & Business Acumen, is designed to help procurement departments achieve better results and finally be recognized as strategic contributors to their organizations.
The new Procurement KPI’s & Business Acumen series, consisting of four online Express Courses, covers the essential lessons required for procurement department to strategically contribute to an organization, from what business acumen is and why it is essential for procurement success to how synergistic Key Performance Indicators can be used to create a compound effect on business results and much, much more. The Procurement KPI’s & Business Acumen series also introduces the Procurement FunnelTM. Incorporating KPI’s and key results indicators, the Procurement Funnel enables procurement departments to focus on the factors that can most significantly affect their bottom line contributions.
“For a procurement department to be perceived as a key contributor to an organization’s success, that department and its staff simply can’t rely on traditional ways of thinking or the way they have always done business,” said Charles Dominick, SPSM, SPSM2 – the President and Chief Procurement Officer of Next Level Purchasing, Inc. “Procurement practitioners and leaders need to think like CEO’s and the Procurement KPI’s & Business Acumen Express Course series teaches them how to do just that.”
Procurement departments interested in improving their business acumen and mastering Procurement KPI’s, can learn more at: http://nextlevelpurchasing.com/key-performance-indicators-for-procurement.php or by calling +1 (412) 294-1990.