Procurement Practices of Fortune 100 Companies: What You Need to Know About Spend Management

Procurement PracticesWHAT EVERY COMPANY NEEDS TO KNOW ABOUTSPEND MANAGEMENT PRACTICES INFORTUNE 100 COMPANIES

We researched the Fortune 100companies to determine their spend management and sustainable supply chain practices

ONLY 39 COMPANIESHAVE BETTER EBITDA MARGINTHAN THEIR INDUSTRY’S STANDARD. AND OF THOSE…

Have board21% members with procurement or supply chain backgroundsBUT ONLY …5% Have Chief Procurement Officers

SPEND MANAGEMENT IS A PUBLICLY-STATED,KEY STRATEGIC OBJECTIVE FOR 47% OF CEOs

 4 FORTUNE 100 COMPANIES HAVE A CHIEF PROCUREMENT OFFICER   31 COMPANIES HAVE A VP-LEVEL PROCUREMENT EXECUTIVE  

CPOs CAN HAVE A SIGNIFICANT IMPACT ONTHE BUSINESS BUT IT’S NOT BEINGCOMMUNICATED… …AND THEY’RE NOT VISIBLE

Companies that include suppliers intheir Corporate, Social andEnvironmental Responsibility (CSER)programs… …tend to have a higher net income margin than those who do not

CEOs see emerging markets as a key strategic objective

…AND 15% HAVE EXECUTIVESFROM BRICS COUNTRIES ON THEIR MANAGEMENT TEAM

Our Findings• LIMITED VISIBLE INNOVATIONS BY FORTUNE 100 COMPANIES IN THE SUPPLY CHAIN & PROCUREMENT AREAS• CSER PROGRAMS NEED TO INVOLVE THE SUPPLY CHAIN• NOT ENOUGH FOCUS ON EMERGING MARKETS

What You Should Do Build a CPO profile Engage emerging markets in your global sourcing efforts Pursue spend management innovation Get involved with your company’s sustainability activities

Full research report available by request jessica.warren@tradingpartners.com +1 312-857-3000 www.tradingpartners.com http://www.linkedin.com/company/tradingpartners http://www.twitter.com/spendscience

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Procurement Practices of Fortune 100 Companies: What You Need to Know About Spend Management

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