The latest in Aberdeen's Research Benchmarks draws on data from over 400 organisations across the globe to offer purchasing and finance professionals a comprehensive picture of current process, procedure, methodologies and technologies. It outlines the key metrics for success and demonstrates the performance gap between laggards and best of class. As a lead sponsor of this annual report Wax Digital is pleased to offer you a download of the full report, valued at $399, absolutely free of charge. Some highlights of the report are outlined below, but for access to the complete pdf document simply click here. |
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In recent years e-procurement has helped take
supply management to the "next level" of procurement performance,
not only driving improvement in transaction-processing, contract
compliance and financial reporting, but also transforming the procurement
organisation into a knowledgeable core of real-time information
and spend visibility.
eProcurement DeliversPerformance improvement through e-procurement is readily apparent, as evidenced in the table below, which highlights the average performance improvements generated as a result of e-procurement implementation.
There remains a considerable difference, however, between the benefits
realised by the top performing enterprises and those at the other
end of the scale. The table below summarises some key findings and
defines best-in-class performance.
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Organisations with a purchasing function rated as best-in-class:
Aberdeen's 2007 study for 'The CFO's View of Procurement' found that the average enterprise identified savings of 11.9%, but could only book 3.2% in its financial statements, indicating a savings leakage of 73%. This benchmark report shows that best-in-class continue to outperform the laggards by 3:2 when it comes to % of spend under management, underlining again the importance of a holistic approach to purchasing technology that marries sourcing with effective procure-to-pay solutions.  
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