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Report Reveals Evolution of Procurement Industry

12 Jun 2015 12:00 AM | Anonymous

The role of procurement within organisations is constantly evolving, as demonstrated by the ProcureCon Indirect 2015 Benchmarking report, produced in association with ProcureCon knowledge partner Ariba.

The report’s findings include:

• 57 per cent spend of respondents manage in excess of 500 million euros

• 46 per cent say value delivery is most important to their business

• IT realted services was identified as the biggest area for spend

These findings demonstrate that “the role of procurement within organisations is constantly evolving and is no longer just seen as a cost saving function, but pivotal to influencing strategic decisions at a board level.”

You can download the entire report from the ProcureCon Indirect website.

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