SUMMARY OF KEY FINDINGS
Summary of key findings
Headline feedback for each of the Six Pillars of SRM
Value
Engagement Support from the leadership team 56% 56% of SRM Leaders can rely on strong and active support from the leadership team Support from the front line 50% Business and operational support stands at just over 50% Suppliers are engaged 70% Suppliers remain ready to go with over 70% said to be supportive of SRM
Governance Segmentation is almost done 98% 98% of companies now segment for supplier management 2 in 3 Around 2 in 3 have also created treatment strategies to match Governance is half and half 50% Just over 50% of companies have effective governance in place for over 50% of key suppliers Getting the basics right 1 in 3 More than 1 in 3 companies are failing to implement adequate contract, performance and risk management for up to half of their key suppliers
Understanding value 90% Over 90% of SRM Leaders have documented their SRM value proposition
Benefits being realised 55%
Of the companies identified as SRM Leaders 55% report financial gains in excess of 4% 90% Reduced risk is the most often reported non-financial gain
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STATE OF FLUX
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