Originally Published in Supply Chain Management Review | September 23, 2013 | By Patrick Burnson, Executive Editor
Sixty-seven percent of surveyed Chief Procurement Officers say their departments are more focused on building collaborative relationships with suppliers than on obtaining the lowest costs, according to a new survey by Consero Group, an international leader in creating high-level, invitation-only events for senior executives. The results were reported as part of the Fall 2013 Procurement & Strategic Sourcing Data Survey, compiled by Consero Group.
“The Fall 2013 Procurement & Strategic Sourcing Data Survey indicates that companies are increasingly striving for long-term value and collaboration from suppliers, rather than focusing solely upon minimizing cost,” said Paul Mandell, Founder & CEO of Consero. “This finding signifies a shift from earlier this year when it appeared Chief Procurement Officers were more focused on short-term savings.”
According to Consero’s Spring 2013 Procurement & Strategic Sourcing Data Survey, more than 50 percent of Chief Procurement Officers said their companies pursued short-term savings instead of long-term value from suppliers.
Other findings from the Fall 2013 Procurement & Strategic Sourcing Data Survey included:
The Fall 2013 Procurement & Strategic Sourcing Data Survey included 11 questions that were posed to Fortune 1000 Chief Procurement Officers in connection with an invitation-only event hosted by Consero in July 2013. A total of 42 responses were provided.