Insight for CPOs: Proxima Lays Out Procurement’s Failings, But Are the Answers Here? [Plus+]

- August 15, 2014 2:31 AM | Categories: Procurement Strategy & Planning, Supplier Management
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Procurement outsourcing specialist Proxima deservedly received a lot of coverage with its Corporate Virtualization study that was published last year. As you may remember, it analysed the accounts of large firms and discovered that on average 70 percent of their revenues were spent with third-party suppliers. That was more than most of us steeped in the industry expected, and compared with just 13 percent going on staff costs. Given those statistics, that raised a whole host of interesting questions about why procurement doesn’t have a higher profile. Surely senior executives can see how vital it is for that 70 percent to be spent well? Now Proxima has produced a “graphic e-book” titled “Drowning not waving – how Corporate Virtualization has got business leaders out of their depth… And where the real opportunities lie.”

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