A procurement target operating model refers to the desired future state and structure of the procurement function within an organization. It outlines the strategic vision, goals, and principles that guide the design and operation of procurement processes, systems, and resources.

The target operating model defines the ideal structure, roles, and responsibilities within procurement, as well as the required capabilities, technology infrastructure, and governance mechanisms. It aims to align procurement activities with the organization's strategic objectives, optimize efficiency and effectiveness, drive cost savings, enhance supplier relationships, and enable value creation. The procurement target operating model serves as a blueprint for transforming and evolving the procurement function to achieve desired outcomes and performance levels.