A recent survey conducted and published by supplymanagement.com in the UK has revealed:

• Most UK buyers (61%) expect to have more spend under their control in 2008;

• Many said growth of their firm, including European expansion was the reason why they were expecting to control higher levels of spend;

• Some respondents also indicated they would add to their portfolio of spend categories.

The Aberdeen Group comment on the topic with their research findings "... that enterprises have been able to achieve a 5 per cent to 20 per cent cost savings for each new dollar brought under management."

Source: See Supplymanagement.com
3 January 2008

Author: Derek Groom