CURRENT STATE OF SRM
STATE OF FLUX
2014 GLOBAL SRM RESEARCH REPORT
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Organisations can learn from these barriers and perceived lack of progress, and work out the connections in order to break the cycle. This may well start with defining the SRM value proposition and creating the business case that unlocks the funding required to remove barriers.
The relationship between areas making the least progress and the barriers is not always clear cut. The apparent lack of progress being reported can often be the symptom of a barrier elsewhere and vice versa. For example, a lack of investment in training will have a clear link to the shortage of people with the requisite skills and competencies. The second most widely reported barrier is a lack of budget and resource, which will of course be a reason why the investment in training is making little progress. Similarly, the area making the least progress – the functionality and use of IT systems – could also be a symptom of the lack of budget barrier.
MORE SUPPORT FROM SUPPLIERS
In contrast with 2013, a lack of active support from suppliers is no longer seen as a significant barrier. This year, only 8% of respondents are mentioning lack of supplier support as a barrier, compared with 13% in 2013.
Summary
CURRENT STATE OF SRM
the companies we're engaged with are struggling to find or develop people with the requisite skills and competencies. And a third are reporting that a lack of appropriate IT support is a barrier. Unless these essentials are addressed, SRM will not be able to build on the progress being made in other areas.
SRM continues to be one of the most discussed topics in the procurement and supply chain management world. It’s hard to find a publication that hasn’t featured an article on SRM in the last 12 months or a conference that hasn’t had SRM on the agenda. Over 450 buy side responses to our survey and the progress being reported, indicate that SRM is still a hot topic. Yet despite this, we still find over half
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