Supply Value has conducted research into key trends and developments in the field of procurement for the coming year in collaboration with several purchasing organization. In the study 551 respondents have participated. 51% of respondents are from Europe, 33% from North America and 11% from Asia. The Netherlands is the largest group with 32% of respondents, followed by the USA with 30% and Belgium with 11%.
Purchasing Trends 2015
The top three purchasing trends for 2015 are:
1) More attention to supply chain optimization
2) More focus on cost reduction
3) More need for flexibility
Trend 1: Supply Chain Optimization
The purchasing trend "more attention to supply chain optimization" has risen from eighth place (score 3.8 on a scale of 1 to 5) in 2014 to first place (score 4.15) in 2015. Supply chain optimization is seen in today's market as the way to further to achieve improvements. To achieve supply chain optimization, organizations need to work better together. Organizations need to look at the entire value chain and ensure that information and knowledge within the chain is shared optimally.
Trend 2: Cost Reduction
The purchasing trend "more focus on cost savings" (no. 3 in 2014) is again seen in 2015 as one of the most important purchasing trends. This year, this trend has risen to location 2. Many organizations are looking for ways to improve their bottom line. Increasing sales is becoming increasingly difficult as the market growth in many markets is very limited. This look more and more organizations to be able to further reduce costs. Purchasing is seen as the ideal partner to realize cost savings.
Trend 3: Flexibility
The purchasing trend "more need for flexibility" (no. 1 in 2014) is also a major trend in 2015. However, this trend has dropped to number three for 2015. In the current market organizations are not keen on volume obligations for a long period due to a large uncertainty in market demand. Organizations look for ways to reduce their risk, but still be able to negotiate delivery guarantees.
Recommendations for 2015
Based upon the top 3 trends for 2015, Supply Value recommends the following three actions in 2015:
1) Competence-based partner selection
2) Joint saving initiatives
3) Proactively share expectations
For an explanation per recommendation please visit www.supplyvalue.nl/purchasing-trends-2015
How to Get Started in Social Media for Art League City
Supply Value Purchasing Trends 2015
1. Supply Value | www.supplyvalue.nl/purchasing-trends-2015
Purchasing Trends 2015
2. 2
Preparation
Identification of new
trends and developments
Distribution via
Research- and
Distribution partners and
contacts of Supply Value
Data collection and
analysis
Data collection via
online survey
551 respondents
Analysis of the data
Report distribution
Report and papers
Press release
Presentations
Evaluation
Research process
5. 3. Cost reduction
2. Contractmanagement
1. Flexibility
Top 3 Purchasing Trends 2015 and 2014
5
3. Flexibility
2. Cost reduction
1. Supply chain optimization
Top 3 Purchasing Trends 2014 Top 3 Purchasing Trends 2015
6. Top 10 Purchasing Trends 2015
3,76
3,81
3,83
3,85
3,88
3,88
3,92
3,99
4,01
4,15
2,5 3 3,5 4 4,5
10. More focus on risk management
9. More focus on Total Cost of Ownership
8. Digitalization of the purchasing process (E-
procurement)
7. More need for transparency in the supply chain
6. Focus on efficiency
5. Increase of supplier involvement
4. More focus on contract management
3. More need for flexibility
2. More focus on cost reduction
1. More attention to supply chain optimization
Score 1-5
1: Very unimportant, 2:Unimportant, 3: Neutral, 4: Important, 5: Very important
2015 2014
6
12. About Supply Value
Supply Value makes organizations work smarter with suppliers. This allows them to make more
profit and create value at less cost and risk.
We do this by helping organizations to formulate and implement sourcing strategies, professionalize
the procurement function and optimizing the value chain.
For more information see www.supplyvalue.nl
Client
satisfaction
8.4
Netto
Promotor
Score
40%
ANNO
2007
Employee
satisfaction
8.6
100% Client
recommen-
dation