Highlights from the research

• A success story of a FTSE100 retailer boosting  profitability through procurement
  
  
• The activity that is currently outsourced the least, business engagement and change management, was rated by 98% of CFOs involved in the study as the most important capability of the indirect procurement function and one that over 60% of CFOs expressed dissatisfaction with

Powering your business through procurement outsourcing

Proxima, in conjunction with NelsonHall, ran a research study (involving 120 FTSE 100 CFOs and CPOs from UK, Europe and North America) to investigate the perceptions, attitudes and desired outcomes of indirect procurement to catalyse a common sense that procurement could and should play a greater role in most businesses.

Respondents in our study indicate that indirect procurement is often perceived to have a role that is somewhat tactical and administrative. Respondents advised that it can create process blocks and can, on occasion, even be antagonistic to specialist suppliers of the business, particularly specialist service providers.

Our first two whitepapers in this series looked at the perceptions of the procurement function and why businesses often struggle to drive the most value out of their procurement operations.

This whitepaper, the final paper in the series, investigates the efficacy of outsourcing as a solution for augmenting existing capability, enhancing expertise and enabling procurement to power your business.