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Pulse of Procurement – key trends and findings for Europe 2013

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In our constant endeavor to better procurement performance, Zycus will soon launch its latest research report “Pulse of Procurement Europe 2013”. This report is a part of larger initiative to understand the best practices and challenges in procurement, across the globe.

Pulse of Procurement Europe 2013 highlights the problems hindering procurement and explores the trends and usage of procurement technology by companies falling in different revenue brackets. It also throws light on some best practices that can be followed to improve procurement performance.

Some of the key highlights from the research report are;

  • Executive leadership support for enterprise strategic procurement continues to strengthen across Europe.
  • European companies are slightly ahead of the global benchmark for spend under management by enterprise procurement, but somewhat behind the global benchmark for cost savings achieved thus far.
  • European procurement professionals give their organisations mediocre scores across a host of strategic ratings criteria, including quality of spend and supplier information, procurement process efficiency, effectiveness and automation.
  • European companies have tasked their global procurement teams with aggressive (9-10%) cost savings goals for the coming year, and
  • They are investing aggressively in procurement technology solutions to help make those desired cost savings a reality.

The report will be launched at CPO Connect executive round-table session to be held on Feb 26th in Amsterdam. Stay tuned to get your copy of the report.

To get detailed understanding of the European procurement landscape you can access the research report- “Pulse of Procurement, Europe 2013” by clicking on the download button below.

 

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