Optimism and recognition for supply chain and procurement

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Some 65 per cent of procurement and supply chain leaders feel that the economy is showing clear signs of recovery from the recession, according to Capgemini’s 2010 Global Chief Procurement Officer Survey.

The survey also found that 60 per cent of respondents thought procurement functions have emerged from the recession with an improved image within organisations, and a further 20 per cent agreed that procurement roles are positioned for future growth.

Nearly 70 per cent of the respondents indicated that procurement personnel report into the board room and another 25 per cent report directly into the CEO, indicating the improved position and importance of the procurement function within the organisation.

However, almost 80 per cent of those surveyed said top management looked to them for improved value contribution. The report points to an emerging focus on strategic initiatives that can enhance the value delivered by procurement.

It suggests that savings targets are increasing as they did in 2009 with over 40 per cent of respondents working towards savings targets of nearly 10 per cent for 2010.

The 2010 Global Chief Procurement Officer Survey is based on more than 150 responses from the chief procurement officers and senior supply chain leaders of over 150 global companies from Europe, Asia and the Americas, across sectors including manufacturing, financial services, energy, utilities, retail, public sector and telecommunications.

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