Majority of CEOs want to reorg Procurement due to lack of resultsSeptember 28, 2017 0
Fewer than 20% of Procurement organizations have delivered high value. Unsurprising, most CxOs respond with a want to reorganize the function. Yet, CPOs have everything they need to create generate 20% – 100% Operating Income improvement, with results beginning to accrue within a year.
Our experience proves that most organizations can generate at least 15%-20% cost savings on the portfolio of Vendor Spending. Unfortunately, most organizations lack some combination of skill, resources, focus and capability to achieve these types of results. As such, many proactive and innovative organizations are partnering with leaders in Strategic Sourcing to help deliver results.