Ivalua announces the release of the results of its second International Procurement Executives survey, aimed at determining the status of the relations between Procurement and other Business Departments within big multinational companies.
The 2014 Procurement Executives is the 1st international cross-business survey, led by Ivalua to evaluate the way Business Executives (IT, Finance, HR, Communications…) see the role and the impact of Procurement within their companies and where Procurement is, in the journey to establishing partnership relationships with other Business Departments.
“The 2014 Procurement Executives survey demonstrates that despite Procurement willingness to move closer to the Business stakeholders, to address their specifics issues and to better connect with them, it is not viewed as fully-fledged Business Partners yet. Achieving this new operating model requires Procurement to develop buyers’ strategic vision of each business units, their leadership skills and their ability to guide and influence business decision”, said Dan Amzallag, CEO Ivalua Inc.
Ivalua has surveyed more than 400 Procurement Executives and 350 Executives from other Business Units (including Finance, IS, Sales, CSR / SD, Legal, R&D, Communication / Marketing and HR) working at multinational companies (representing 15 countries worldwide) in order to provide a 360° vision and report to report on both sides of the story.
The main lessons arising from the survey:
“To the many executives who have provided input into the Ivalua Procurement Executives survey, thank you for your time and sharing your views and insight,” concludes Dan Amzallag.