Procurement Execs: Cost Shouldn’t Be Main Thing, But It Is
Posted in: UncategorizedFor the past couple of years, there’s been a lot of discussion around the education of marketing procurement — and how many are focused on much more than just lowering cost. But that’s still a top factor in evaluating agencies and other companies, according to a survey by the Association of National Advertisers.
The survey of 113 procurement executives — taken in December and January and released at the ANA Financial Management Conference in Scottsdale, Ariz. — found cost reduction and avoidance are the top two metrics by which their work is judged in companies now.
Meanwhile, the survey showed those procurement exes believe, at least by a narrow margin, that the two most important things to measure should really agency/supplier performance improvements and process improvements.
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