THE REPORT COVERS SEVERAL KEY AREAS:
-
The Impact of Inflation on Procurement
– 62% of professionals cite inflation as a top challenge, driving cost pressures and budget constraints.
- Supplier Consolidation Trends – Businesses are using 18% more suppliers despite a push to streamline procurement for efficiency and cost saving.
- Rising MRO Spend & Cost Pressures – MRO expenditure has increase by 20%, emphasizing the need for smarter procurement strategies.
- Sustainability & ESG Priorities – 64% of companies now see ESG as crucial, yet only 51% have sustainable procurement policies in place.
- The True Cost of Order Processing – The average business spends £89 per order, but 59% of procurement teams don’t know their actual processing cost.
- Risk & Compliance in Procurement – Managing counterfeit products, contract compliance, and cybersecurity are top concerns for procurement teams.

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