Optimizing ROI In Procurement

We partnered with The Hackett Group to analyze the top priorities for sourcing and procurement orgs in 2024 and to see how manufacturing enterprises are getting the most ROI out of their sourcing and procurement investments. Our findings reveal that improving spend cost reduction is at the forefront of procurement priorities, and it came as no surprise to us that organizations harnessing modern digital platforms achieve twice the purchased cost savings and over three times higher savings per sourcing FTE. Additionally, these digitally optimized procurement teams deliver significant efficiencies, saving an average of $2.1M to $2.9M more per sourcing FTE.

Check out our infographic to learn more about our findings and see how manufacturing organizations are using modern supply management tools to optimize supply chain operations.