Spend Management technologies today offer extensive integration, visibility, and controls to the enterprise, helping Procurement Executives operate more efficiently while saving from such economies. But it isn’t stopping here…. Innovation is driving massive change in Procurement. Ivalua announces the release of the results of its fourth International Procurement Executives survey, aimed at understanding the drivers shaping Spend Management Technologies today and tomorrow.
For the 4th edition of its International Procurement Executives Survey, Ivalua wished to give Procurement & Finance Executives the opportunity to determine their vision of the future of Spend Management technologies and thus carried out one of the largest prospective studies on the subject.
“There is no innovation without a step back, an inventory. This is why the 4th Ivalua International Procurement Executives Survey “Imagining The Future of Spend Management Technology” begins with a flashback allowing participants to take stock of past innovations and continues with a flash-forward asking participants to project themselves in the period from now to 2026. Thus all the Spend Management functionalities have been scrutinized to determine what Spend Management technology will look like in the near future and what will be the impact of innovations on the Purchasing function. This year again, we were able to count on the participation of several hundred decision-makers around the world. Our sincere thanks go to all of these executives who have agreed to share their vision on this issue.” Gérard Dahan – SVP Business EMEA – Ivalua
Results from this year’s survey shed light on several relevant and instructive predictions for Procurement Professionals, including:
Methodology & Panel
The 4th Ivalua Procurement Executives international survey is based on a global sample of Procurement, Supply-Chain, Operational, IT, Accounting and Financial executives coming from major multinationals based throughout the world.
These executives were interviewed on their outlook for the Future of Spend Management Technologies, the repercussions of Spend Management innovations and major global technological trends on their professions in terms not only of strategy and processes, but also of the associated risks, gains and opportunities.
A questionnaire with a combination of MCQs and open questions was administered by email between May and August 2016.
To make the results and trends easier to understand, Ivalua divided the survey into 5 main sections, i.e. Past & Future Innovations, SRM Innovations, Sourcing Innovations, e-Procurement Innovations and Spend Analysis Innovations.
621 responses and several hundreds of comments were gathered and analysed, representing a panel of 432 companies around the world.