business spend management Content

A clear trend in the procurement journey to over-budget and underspend

procurement analysis

Business spend management integrated solutions provider, Proactis, and its data analyst team, has recently invested some time studying and analysing the data it has accrued from its substantial customer base and their procurement exercises. It has produced some interesting findings pertaining to spend surplus from procurement exercises. We thought the results would make interesting reading for our audience of CPOs and CFOs and indeed any business leader.

Two standout conclusions from the analysis show that more than one in ten procurement exercises do not yield contracts, and that of total value of average contract, 80% is actually drawn down in the financial year.