Smarter spending: The ProcureAbility Procurement Excellence Benchmarking Survey

In today’s rapidly changing world, procurement plays a crucial role in helping businesses navigate complex challenges shaped by macro trends such as AI, regulatory shifts, geopolitics, inflation and climate change. To succeed, procurement must be structured to not only support daily operations such as cost management and value enablement but drive strategic decisions that will enable organisations to thrive in an evolving marketplace.

The 2024 ProcureAbility Procurement Excellence Benchmarking Survey, conducted with procurement leaders worldwide, reveals that increased collaboration with business stakeholders, suppliers and legal teams – alongside a renewed emphasis on technology, operational efficiencies and organisational design – is enhancing procurement functions’ strategic value within their businesses. This study provides insight into how these evolving priorities are shaping the future of procurement.

Download this Big Picture whitepaper, published in partnership with ProcureAbility, to gain insights into:

• Operational excellence: Procurement’s ability to operate an efficient and cost-effective organisation.
• Value enablement: Procurement-generated organisational value by leveraging tools and technology.
• Growth strategies: Forward-looking trends and anticipated changes in the procurement landscape.