A historical procurement excellence survey 

Procurement professionals are more important to business strategies than ever.

Value chains are bending so rapidly that procurement professionals are more important to business strategies than ever before. It’s not only volatility in commodities but also dramatically new ways of working that are creating challenges.

That’s what 185 leading companies told us in this year’s Assessment of Excellence in Procurement (AEP) study. But if there is one place we all know we can drive real money to the bottom line, and value to the top line, it’s through procurement—and the AEP results show seven ways the leaders produce results. It’s not just business as usual, it’s business as unbelievable. There is another wave of new thinking on the way.

Kearney’s 2011 Assessment of Excellence in Procurement (AEP) study finds corporate procurement functions becoming a more vital, strategic corporate player. In the past three years, 90 percent of study participants—procurement and supply chain executives from more than 185 leading companies across 32 different industries—have increased procurement’s role in developing and executing business strategies. At the same time, procurement leaders are extracting more benefits and using better governance to improve performance both internally and externally.

 

Contributors: A.T. Kearney
Categories: Whitepaper
SRC Type: All Sourcing Management, Sourcing Management