Finance Digest: CEOs Still Don’t ‘Get’ What Their Procurement Teams Do, Finds Research

4C Associates In the press

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 …

Supply Management: Half of bosses ‘don’t get procurement’

4C Associates In the press

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 …

Supply Chain Digital: CEOs still don’t ‘get’ what their procurement teams do

4C Associates In the press

According to research involving over 500 procurement professionals* by leading management consultancy, 4C Associates, 48percent said that their boss still doesn’t ‘get’ what the procurement team does or can do.  55percent 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 developing supplier …

81% of Finance Leaders single out cutting costs

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London, UK – 22 March 2012: 81% of Finance Leaders surveyed at the Economist’s CFO Summit 2012, said they believed additional savings could be made through procurement.  An additional 65% identified supply chain and logistics as key areas to cut costs. “It’s no surprise given the current economic situation that cost transformation is a real concern for finance leaders,” said …