22
Future growth There is an overwhelming consensus; 86% of respondents believe that SRM will become more important over the next twelve months. See the article ‘top five trends to impact procurement’ on page 25
Figure 0.11. Future growth of SRM – buy side
58%
28%
13%
1%
0% MUCH LESS IMPORTANT
MUCH MORE IMPORTANT
MORE IMPORTANT
REMAIN THE SAME
LESS IMPORTANT
The majority of respondents see SRM contributing more to the strategic agenda in the future. Asmany businesses navigate their way back to growth, SRM is perceived asmaking a positive contribution to address challenging economic and market conditions, improve competitive advantage, and be a vehicle to switch from tactical to more strategic objectives . Nearly half believe stakeholder support and value potential will improve .
Figure 0.12. Reasons for future growth – buy side
20%
SHIFT FROM TACTICAL TO MORE STRATEGIC PRIORITIES NEED TO IMPROVE COMPETITIVE EDGE MORE CHALLENGING MARKET AND ECONOMIC CONDITIONS INCREASED INTERNAL STAKEHOLDER SUPPORT CURRENT SRM ACTIVITIES DEMONSTRATING VALUE POTENTIAL NEED TO DEMONSTRATE REGULATORY COMPLIANCE INCREASED SUPPLIER SUPPORT MORE RESOURCE AND SKILLS AVAILABLE
21%
23%
47% 47%
2
52%
1
55%
69%
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