The Survey, “Corporate Spending and Procurement Trends – 2013,” conducted by Xchanging, found that firms will spend more in 2013 and are in pursuit of more strategic approaches to handle the spending. A sampling of key findings:
- 67% of respondents said their company would spend more in 2013 compared to 2012
- only 38% of respondents said their organization’s C-suite viewed sourcing and procurement as strategic to the business
- 33% of individuals polled said their firm would increase investment in third party procurement services/outsourcing in 2013
- 43% ranked Supplier Management as the top focus for 2013, followed by Category Management, which 21% ranked as the top priority
To view the report and all the survey results click here.