Collaborative Procurement Networks is the practice of establishing interconnectedness among procurement teams, vendors, and stakeholders to share information, resources, and strategies, facilitating mutually beneficial relationships. It fosters transparency, promotes efficiency, and enhances the value procurement processes bring to an organization.

Level 1: Emerging

At an emerging level, you are building foundational knowledge of procurement networks. You demonstrate an understanding of collaboration basics and are starting to engage with suppliers and stakeholders.

Level 2: Proficient

At a proficient level you are skilled at establishing and managing collaborative procurement networks with external partners, optimizing cost savings and efficiency through effective communication, negotiation, and relationship building.

Level 3: Advanced

At an advanced level you are able to establish and maintain collaborative procurement networks, leveraging relationships with suppliers and stakeholders to drive strategic initiatives and optimize procurement processes effectively.