Procurement executives see recognition as partner to the business units as a top priority, according to a survey by Ivalua.
It surveyed more than 400 procurement executives, and 350 executives from other business units, from multinationals representing 15 countries.
One key finding was the existence of a significant gap in the perception of the procurement unit among other business departments, particularly regarding establishing processes.
Gérard Dahan, general manager Ivalua, EMEA, said: “The 2014 Procurement Executives survey demonstrates that despite procurement willingness to move closer to the Business stakeholders, to address their specifics issues and to better connect with them, it is not viewed as fully-fledged business partners yet.”
Procurement units have formed a successful partnership with finance departments, having undergone a successful process of becoming more financially oriented by including financial goals in their strategy and operational approach, the survey found. But respondents noted, for procurement units to be counted as a true business partner, they need to master all the steps in the purchasing process.
“Achieving this new operating model requires Procurement to develop buyers’ strategic vision of each business units, their leadership skills as well as their ability to guide and influence business decision,” said Dahan.