Procurement Excellence at Nordic Capital
To drive continuous improvement, the NCPO has developed a Procurement Excellence Framework consisting of eight essential dimensions which help companies assess their current procurement maturity, set future ambitions and track progress. These include:
- Procurement strategy
- Spend mapping and supplier segmentation
- Procurement value proposition and executive sponsorship
- Key procurement levers to optimise performance
- Leveraging Nordic Capital scale and NCPO agreements
- Procurement processes, digitalisation and technology
- Performance reporting to support the procurement agenda
- Organisational structure, leadership competencies and capabilities
Recognising the diversity of Nordic Capital’s portfolio, the framework seeks to empower management to define targets aligned with their unique context and supporting action plans for measurable procurement improvement. The NCPO works alongside and supports companies with procurement throughout ownership.