2023 Procurement Savings and Value Measurement
Evolving the reporting of savings and value to stay abreast of the changing business environment and procurement’s expanding value delivery.
The last three years have been turbulent for most organizations, starting with the COVID-19 pandemic in 2020, market readjustments through 2021, and soaring inflation fueled by rising energy and commodity prices as the result of the Russia-Ukraine conflict in 2022. Economic disruption will likely remain a key feature of 2023, as organizations continue to grapple with ongoing concerns regarding supply continuity, inflation, workforce shortages and a potential economic downturn. Against this backdrop, how have procurement organizations adjusted the manner in which they measure value?
With our first poll for the year, we look to uncover how trends and practices in cost savings, and broader value measurement and recognition are evolving:
- What are the trends in savings and value measurement as a result of changing macroeconomic conditions?
- What value elements are procurement organizations tracking today and what additional value elements will they track in the future?
Quick Poll Audience, Participation Time and Outcomes
This poll should be completed by either senior procurement management, or in larger organizations, the individual responsible for managing procurement’s performance reporting.
We estimate that it will take approximately 15 to 20 minutes or less to answer all questions.
Confidentiality and Contact
Please be assured that your response will remain completely confidential. For more information about this quick poll contact Amy Hillcox.
The Hackett Group’s Procurement Savings and Value Measurement quick poll is open until April 13, 2023 at no cost to participants.
Form submissions have been closed.