IndirectPro, a provider of services for the indirect procurement industry and wholly owned subsidiary of COPC Inc., announces the immediate availability of Release 1.1 of the COPC Indirect Procurement Core Standard.
Release 1.1 COPC Indirect Procurement Core Standard is the latest evolution of the COPC Indirect Procurement Standard, which was released in 2017. The COPC Indirect Procurement Standard is a performance management system developed specifically for indirect procurement organizations. It provides guidelines and outcome-based metrics for strategically managing indirect spend with the intent of helping brands benchmark and improve indirect procurement operations.
While the full Standard contains 28 items in total, the Core Standard emphasizes 19 items, cutting across all areas of the procurement organization, including Leadership, Key Business Processes and Performance. The intent of the Core Standard is to help companies lay a strong foundation for indirect procurement best practices, paving the way for companies that seek the adoption of the full Standard, and eventual certification to the COPC Indirect Procurement Standard.
The COPC Indirect Procurement Standard is specifically designed to:
- Lower spending while encouraging better, more consistent supplier performance
- Drive higher levels of satisfaction among both internal customers and suppliers
- Ensure a high-performing procurement operation with appropriate staffing levels and optimal organizational costs
- Help the procurement organization become a trusted strategic advisor to its internal customers
Both the full and core versions of the COPC Indirect Procurement Standard are managed by the COPC Indirect Procurement (IP) Steering Committee. The IP Steering Committee consists of academicians and indirect procurement leaders from global companies such as Cisco, Hewlett Packard Enterprise, Intuit, Magna International, Microsoft, Stryker, and others.
“The COPC Indirect Procurement Standard not only meets academic rigor, but also satisfies real-life business needs for today’s procurement professionals,” said Dr. Sime Curkovic, Valluzzo & Lee Honors Faculty Fellow and Professor of Supply Chain Management at Western Michigan University. “The newly created Core Standard (2019) is an essential first step in ensuring companies can implement appropriate best practices. This helps companies create efficient and high-performing procurement operations that provide indirect goods and services at an optimal value — balancing cost, quality and risk.” In addition to his academic credentials, Dr. Curkovic is also a member of the IP Steering Committee and is a leading advisor on indirect procurement best practices.
Download the COPC Indirect Procurement Core Standard Today
The COPC Indirect Procurement Core Standard Release 1.1 is available free of charge on the IndirectPro website. At the site, visitors will also find industry research, literature and frequently asked questions (FAQ) about the COPC Indirect Procurement Standard.
About IndirectPro and COPC Inc.
IndirectPro is a provider of services and wholly owned subsidiary of COPC Inc. Founded in 1996, COPC Inc. began by helping call centers improve their performance. The company is headquartered in Winter Park, FL, U.S. and with operations in Europe, Middle East, Africa, Asia Pacific, Latin America, India and Japan. For more information, visit www.indirectpro.com or www.copc.com.