Marketing Procurement Benchmarking – Insights

Procurement benchmarking helps organizations evaluate and compare their procurement performance against industry standards. The process involves analysing procurement practices and outcomes in terms of cost, quality, and efficiency to identify areas for improvement. This can be done internally, by comparing performance across different teams, or externally, by benchmarking against other companies in the same industry.

TrinityP3 offers a range of resources on procurement benchmarking.. These resources can help organizations to identify and address procurement inefficiencies, optimize their procurement processes, and ultimately drive cost savings and improved value for money.

You can find more information on our marketing procurement advisory practice here or explore more details and insights below.

Benchmark origins

Are you benchmarking or butchering your agency fees?

This is the tenth in a series of one-minute videos that address one of the many complex challenges facing marketing, media, and ...
Cutting advertising agency fees

Advertising agency fees: You only get what you pay for

The saying goes, "You get what you pay for". But recently we have noticed that some marketers have an expectation ...
Does your procurement team want to benchmark or cut your agency costs?

Does your procurement team want to benchmark or cut your agency costs?

While we regularly work with procurement in developing and implementing marketing procurement strategies within their organisations, we also have times ...