esourcing's role in driving financial performance
TRANSCRIPT
The Supply Chain Matters for Top Performing Organizations
62%
Sourcing Innovation: Insights for Creating Meaningful Business Value
report that their sourcing strategy has a positive impact on margins, profitability, working capital and
cash flow
46%report that their sourcing programs
help their organization find new money that can be invested into
strategic initiatives
E-Sourcing Plays Crucial Role inDRIVING FINANCIAL PERFORMANCE
23%of procurement teams are viewed
internally as a highly strategic entity, with the executive team very
engaged and invested
42%are viewed internally as strategic,
with a solid level of executive support and enablement
12%of teams are viewed internally
as strategic, but lack executive support
19% are still viewed tactically, with a lack of internal champions outside of the
procurement department
Sourcing Roadblocks: What’s Getting in the Way?
31%uncertainty around the
categories they should take to auction
27%
a lack of organization-wide support for e-sourcing
20%
limited internal resourcesas the primary roadblock
10%
a lack of qualified suppliers
Where E-Sourcing Makes the Biggest Impact
The Future of Procurement Lies in its People
of organizations experience lower costs
and achieve better savings through
e-sourcing
report that e-sourcing improves efficiency and
enables the team to focus on more strategic
initiatives
find that e-sourcing opens the door to new supplier relationships
Despite clear value, some organizations still face major internal obstacles to widespread e-sourcing
adoption
50% data analytical skills 35%category
expertise
35% innovation and collaboration skills 15%negotiation
skills Based on an Intesource survey of procurement and sourcing professionals in the retail, grocery and restaurant industries. For more insights, visit e-sourcing-blog.intesource.com
Where are the biggest talent gaps today?
77% 62% 58%
} } 2342
12 19