The document summarizes a research project called PEPPS that aims to determine the key factors for successful procurement transformations. It discusses the importance of procurement effectiveness and outlines a model developed from previous research. The model includes factors like having a compelling need for change, competent staff, an effective strategy, strong communications, and robust governance. An example transformation at Chesapeake Packaging is described that aligns with the model and improved savings, buy-in, and supply chain capabilities. The next phase aims to further integrate procurement through additional value-added services.