The Procurement Metrics CPOs Need To Track in 2023

A MUST-READ FOR CPOs AND PROCUREMENT PROFESSIONALS

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The Procurement Metrics CPOs Need To Track in 2023

Nearly two-thirds (60%) of CPOs believe 2023 will be tougher to navigate than the previous year, with budget constraints being the top challenge. That was just one telling statistic unveiled in the recently published research sponsored by GEP and conducted by Ardent Partners — Procurement Metrics That Matter in 2023.

This eagerly anticipated annual report delves deep into the metrics that CPOs must monitor to deliver added value. It provides indispensable insights into procurement's strategic priorities within today's fast-paced business environment.

Why Read This Paper

Supply Chain Risks Continue

CPOs rank Inflation, budget pressures and recession risk as their top concerns

Savings Dominates the Agenda

Nearly half (46%) of CPOs are turning their attention to cost reduction

Taking a Multipronged Approach

Technology and collaboration are the leading strategies for CPOs to meet their objectives

Overcome Hurdles, Impact Operations & Add Value by Focusing on the Right Metrics

About Us

GEP^® delivers AI-native procurement and supply chain solutions that help global enterprises become more agile and resilient, operate more efficiently and effectively, gain competitive advantage, boost profitability and increase shareholder value.

Fresh thinking, innovative products, unrivaled domain expertise, smart, passionate people — this is how GEP SOFTWARE™, GEP STRATEGY™ and GEP MANAGED SERVICES™ together deliver procurement and supply chain solutions of unprecedented scale, power and effectiveness. Our customers are the world’s best companies, including more than 1,000 Fortune 500 and Global 2000 industry leaders who rely on GEP to meet ambitious strategic, financial and operational goals.

A leader in multiple Gartner Magic Quadrants, GEP’s AI-native procurement and supply chain platform consistently wins awards and recognition from industry analysts, research firms and media outlets, including Gartner, Forrester, IDC, ISG, and Spend Matters.

GEP is also regularly ranked a top procurement and supply chain consulting and strategy firm, and a leading managed services provider by ALM, Everest Group, NelsonHall, IDC, ISG and HFS, among others.

Headquartered in Clark, New Jersey, GEP has offices and operations centers across Europe, Asia, Africa and the Americas. To learn more, visit www.gep.com.