According to a new report from Aberdeen Group, 69% of procurement executives are under the gun to keep cutting costs. That’s hardly surprising. But if you’re among them, and open to suggestions as to what you should be doing about it, then you should read this report.
Titled From Preservation to Prosperity: The CPO’s Agenda for a New Decade, Aberdeen Group’s report segments procurement organizations into three levels of maturity: best-in-class, industry average, and laggard. They share the most effective cost-cutting strategies for each.
You’ll know best which level describes your organization. And whichever it is, here’s the bottom line:
The strategies you’re employing might indeed provide the optimal results you need. Or, they might not.
To be sure, take a look at this report.