Procurement missing productivity

The majority of UK employees say their company’s procurement policies are too focused on saving money and so compromise their...

The majority of UK employees say their company’s procurement policies are too focused on saving money and so compromise their productivity.

A survey of procurement policy makers and executive users by consultant Accenture, not surprisingly showed that the majority of policy makers believed their policies provided a good balance between saving money and improving productivity – but only 19% of users agreed. 

Most users said their company’s procurement policies did not successfully save money or provide an adequate level of service in speed, flexibility or choice.

“When designing a procurement program, high performance companies take a holistic approach that balances the imperative to cut costs with the need to provide adequate support to their employees,” said Charles Findlay, vice-president of Accenture
Procurement Solutions. 

“Companies that have adopted an aggressive cost containment policy in recent years are especially vulnerable as they try to take advantage of the economic upswing and find that they don’t have the required levels of productivity to support a growth agenda,” he added.

Half of the users said further technology spend was key to saving money and increasing productivity in the business, while only 30% of the policy makers agreed.

And 60% of users said the IT procurement processes of their firms were out of date.

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