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Only 52% of procurement teams have a high-influence over spend

However, these figures suggest that some organisations are struggling to influence supplier selection affecting vast swathes of their spend. They can go so far…but no further.

Every sourcing event is an opportunity to save money, mitigate risk and obtain the best possible overall value. Procurement understands this better than anyone else.

But without the right tools, selecting suppliers can become difficult or incredibly labour-intensive. So, while many Procurement teams are succeeding in this area, their best people may be too heavily involved in the detail — and therefore taken away from other tasks that also need focus.

Proactis Holdings Plc (LON:PHD) develops and sells business software, and provides installation and related support services in Europe and the United States. The company offers Spend Control and eProcurement solutions that help organizations to improve operational and financial performance by enhancing the way they buy various goods and services.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.