"Iasta's deeply functional and dynamic approach to strategic sourcing technology is exactly what Yankee Candle was looking for in a solution. Our sourcing team will now be able to achieve our savings goals and perform at more proficient levels due in part to the SmartSource application."
Dynamic Procurement: The CPO as Collaborator, Innovator and Strategist
Research by Aberdeen Group
Sponsored by Iasta
During the economic downturn that began in late 2008, procurement leaders were primarily faced with cutting
costs based on the need to manage against potential revenue shortfalls. Fast forward a few years, and the theme
today demonstrates the need to be flexible, yet fully collaborative in the face of increased geopolitical
risks and economic inflationary pressures. Moreover, in light of increased volatility and continuing macro-economic
changes, strategic enterprises need procurement leaders represented by the leadership of the Chief Procurement
Officer (CPO) to become an additional enabler and a driving force for change. This tool will compare your
organization's procurement performance against that of your peers.
81% Best-in-Class companies stated an ability to track spend negotiated to bottom-line savings compared to 52% of Industry Average and 41% of Laggards
44% of Best-in-Class companies are expanding into sourcing strategies that offset inflaitonary pressures compared 23% of Industry Average and 21% of Laggards.
89% of Best-in-Class companies are using Spend Analysis as a technology enabler compared to 63% of Industry Average and 46% of Laggards
