Almost half (48 per cent) of procurement professionals think their CEO or managing director doesn’t understand the true purpose of the procurement department, according to research by 4C Associates. And 55 per cent of those surveyed said they were treated as a support function, and there to cut costs. Read full article here

According to research involving over 500 procurement professionals* by leading management consultancy, 4C Associates, 48% said that their boss still doesn’t ‘get’ what the procurement team does or can do.  55% say they are treated as a ‘support’ function – there to just cut costs rather than recognised for the strategic value they can add across the business such as …

In a poll of 521 CPOs, managers and procurement personnel, 48% said their boss “still doesn’t get what the procurement team does or can do”. More than half (55%) said procurement was treated as a support function that existed to cut costs rather than add strategic value. Procurement departments need to highlight to their businesses what services they can provide beyond …