Did you know?
“Companies with high performing procurement organizations have profit margins 15 percent higher than the average company and 22 percent higher than those of companies with lower performing procurement organizations.” -2013 CPO Study
John Paterson, Chief Procurement Officer at IBM, understands the value that procurement can deliver to the business. John’s procurement organization manages more than 23,000 supplier relationships and $57 billion dollars in spend. Last year alone his group realized more than $7 billion dollars in savings.
Tune into this brief video to hear John Paterson highlight the groundbreaking results of the industry's largest, most comprehensive Chief Procurement Officer Study ever conducted with participation from 1,128 CPOs from organizations with annual revenue in excess of US$1 billion. Download the complete survey here: rethinkyourcustomer.com/form/PRC-RPT2?pid=PRC&cm_mmc=RTYC-PRC-RPT2-_-website-_-ibm-_-2013-07-30