Top 10 Biggest Procurement Challenges

WHAT'S YOUR BIGGEST PROCUREMENT CHALLENGE? Our team here at Deltabid surveyed more than 500 procurement professionals and asked them about the challenges they face on a daily basis. Do you struggle with some of the same issues? TOP 5 BIGGEST PROCUREMENT PROBLEMS 30 25 20 15 10 Supplier Issues Strategy Selection Cost Reductions Stakeholders Accurate Data 30% SAY SUPPLIER-RELATED ISSUES CAUSE THE DECIDING ON THE RIGHT BIGGEST HEADACHES SOURCING STRATEGY AND MOVING FROM TACTICAL TO "My challenge? Matching capabilities with STRATEGIC PROCUREMENT requirements and finding low cost suppliers IS TOUGH FOR that can consistently deliver quality 14% product." - Procurement Manager 10% FIND IT HARD TO DEAL WITH INTERNAL CUSTOMERS 11% AND PROVE THEIR VALUE FEEL PRESSURED "My problem is making my internal TO REDUCE COSTS AND customer really understand what we do, ACHIEVE SAVINGS TARGETS so they ask for our help." - Senior Buyer TOP PROCUREMENT CHALLENGES BY JOB TITLE Supplier Issues Strategy Selection Accurate Data Cost Reductions and Savings Buyers Procurement and purchasing managers 43% 28% 18% 14% 10% 10% Commodity and category managers СPOS 24% 29% 18% 18% 14% 19% The NUMBER ONE procurement challenge? Suppliers. Whether it was selection, quality control, or evaluation, supplier-related issues were the most frequently mentioned challenges facing procurement professionals. TOP 3 SUPPLIER-RELATED ISSUES for those who said this was their #1 challenge FINDING THE RIGHT SUPPLIER "My biggest challenges are finding the right supplier in East Asia and once found, managing the supply risk." - Purchasing Manager IS PROBLEMATIC FOR 31% 18% "Getting suppliers to do what they say they will do is my biggest challenge." - Product Lifecycle Manager STRUGGLE WITH MANAGING SUPPLIER RELATIONSHIPS AND EVALUATING THEIR PERFORMANCE. EVALUATING SUPPLIERS AND SELECTING THE BEST ONE IS AN ISSUE FOR 15% Finding the right supplier is hard work. Don't let that hard work go to waste through relationship mismanagement or an inefficient selection process. The solution? A robust e-sourcing and SRM tool can provide you with a central platform for supplier information management, document storage and team collaboration. Extended survey results: blog.deltabid.com/top-10-biggest-procurement-challenges DeltaBid's easy-to-use e-sourcing platform and SRM help professionals in 100+ countries face their daily procurement challenges. deltabid www.deltabid.com User-Friendly Procurement Management Software % OF RESPONSES