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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 pra...
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...
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    ...
CPOs CAN HAVE A SIGNIFICANT IMPACT ONTHE BUSINESS BUT IT’S NOT BEINGCOMMUNICATED…                      …AND               ...
Companies that include suppliers intheir Corporate, Social andEnvironmental Responsibility (CSER)programs…                ...
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...
What You Should Do   Build a CPO profile   Engage emerging markets in your global   sourcing efforts   Pursue spend manage...
Full research report available by request   jessica.warren@tradingpartners.com   +1 312-857-3000   www.tradingpartners....
Procurement Practices of Fortune 100 Companies: What You Need to Know About Spend Management
Procurement Practices of Fortune 100 Companies: What You Need to Know About Spend Management
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Procurement Practices of Fortune 100 Companies: What You Need to Know About Spend Management

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The results of a study of the Fortune 100 companies to determine their spend management and sustainable supply chain practices. We found that while most successful companies have advanced spend management tools, few make a commitment at executive and board levels.

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

  1. 1. Procurement PracticesWHAT EVERY COMPANY NEEDS TO KNOW ABOUTSPEND MANAGEMENT PRACTICES INFORTUNE 100 COMPANIES
  2. 2. We researched the Fortune 100companies to determine their spend management and sustainable supply chain practices
  3. 3. ONLY 39 COMPANIESHAVE BETTER EBITDA MARGINTHAN THEIR INDUSTRY’S STANDARD. AND OF THOSE…
  4. 4. Have board21% members with procurement or supply chain backgroundsBUT ONLY …5% Have Chief Procurement Officers
  5. 5. SPEND MANAGEMENT IS A PUBLICLY-STATED,KEY STRATEGIC OBJECTIVE FOR 47% OF CEOs
  6. 6.  4 FORTUNE 100 COMPANIES HAVE A CHIEF PROCUREMENT OFFICER   31 COMPANIES HAVE A VP-LEVEL PROCUREMENT EXECUTIVE  
  7. 7. CPOs CAN HAVE A SIGNIFICANT IMPACT ONTHE BUSINESS BUT IT’S NOT BEINGCOMMUNICATED… …AND THEY’RE NOT VISIBLE
  8. 8. Companies that include suppliers intheir Corporate, Social andEnvironmental Responsibility (CSER)programs… …tend to have a higher net income margin than those who do not
  9. 9. CEOs see emerging markets as a key strategic objective
  10. 10. …AND 15% HAVE EXECUTIVESFROM BRICS COUNTRIES ON THEIR MANAGEMENT TEAM
  11. 11. 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
  12. 12. 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
  13. 13. 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
  • jalalahmed25

    Nov. 18, 2017

The results of a study of the Fortune 100 companies to determine their spend management and sustainable supply chain practices. We found that while most successful companies have advanced spend management tools, few make a commitment at executive and board levels.

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