
Protiviti’s 2017 Procurement Survey shows that there are divergent perspectives across stakeholders when it comes to the value generated by the procurement function. The key takeaway from the survey is clear: Procurement functions need to focus on how they drive value and how they quantify and communicate their performance. In what is arguably the most notable finding in the survey, close to half of finance leaders say 20 percent or less of procurement savings drop to the bottom line. Just one in five finance leaders say their procurement functions effectively manage both direct and indirect costs.