"Doing more with less" is a common theme across all industries. The 2022 Global SRM Research Report has uncovered that procurement and supply chain cannot be any higher on the board's agenda than now. Yet most procurement and supply chain functions continue to suffer from a legacy of underinvestment.
70% of organisations highlighted labour shortages as the common cause of supply chain disruption in the past 12 months.
55% of organisations reported major challenges in forecasting and demand planning.
60% of organisations increased engagement with suppliers, the most widely reported mitigating action that helps counter supply chain disruption.
Get many more insides and 8 Case Studies for free in the 2022 Global SRM Research Report.
An effective procurement strategy will not only look to attract the right suppliers to secure a contract with incremental value, but will also ensure effective Supplier Management is in place to deliver value beyond the contract.