The Power of Procurement: A global survey of Procurement functions

The Power of Procurement: A global survey of Procurement functions

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Ask any business leader what their top challenge is today and – more than likely – the answer will be cost. Indeed, KPMG’s 2011 European Business Leader Survey demonstrated that realizing cost ef?ciencies is now the top priority for business leaders across all industry sectors. Ever since the ?rst rumblings of the global ?nancial crisis, businesses have been feverishly stripping out costs; headcount reductions have been the most typical immediate reaction to cost reductions, but organizations have also become acutely aware of the potential sustainable cost savings to be had across the supply chain.

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