Originally Published in iChainnel | March 8, 2017
Nine out of ten procurement leaders surveyed report that their technology infrastructure does not meet the needs of the procurement operation. This significant level of dissatisfaction with technology was reported as part of the 2017 Procurement and Strategic Sourcing Report by Consero Group, a consultancy for senior executives, based in Bethesda, Maryland.
To improve tech infrastructure, 54% of surveyed corporate procurement leaders will invest in spend analytics in 2017, while 46% plan to increase use of e-procurement tools. The report, which was generated from survey responses of 52 senior procurement executives, also found that while 67% of respondents increased the use of metrics to evaluate procurement in 2016, a resounding 82% are unhappy with the level of insight they are able to extract from their company’s data.
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