Procurement Initiative Pulse Check Q4/2023
The Procurement Initiative's quarterly "CPO Pulse Check" taps into the sentiment and outlook of Procurement and Supply Chain Leaders. Q4’s Pulse Check shows a more positive outlook on supply issues and inflationary but significant misalignment of procurement functions with corporate strategy.
Pulse Check for Q4/2023
With our Q4/2023 Pulse Check, we aim to gauge the current sentiment within the procurement and supply chain environment, focusing specifically on inflation expectations, supply disruption and, in this quarter, supplier performance and strategic alignment.
Key takeaways:
- 63% of respondents have a positive to very positive outlook regarding the stability of supply chains in 2024
- Sourcing priorities remain largely unchanged, with cost continuing to be the ultimate focus for decision-making in Procurement
- Inflation continues to be a concern but expectations are for lower inflation in 2024
• As supply-side disruptions are expected to ease, respondents expectinflation to be at 2.4% (1st half 2024) and 0.9% for the 2nd half of 2024
• One third of companies say that their procurement strategy is not alignedwith the corporate strategy and objectives
• The top 3 alignment inhibitors are: budget & staffing problems, lack ofexecutive support and lack of cross-functional relationship
Curious to get the full results? Download the Procurement Initiative's Pulse Check Q4/2023 now!
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Learn more about The Procurement Initiative
Meet The Procurement Initiative Team
Martina Buchhauser
Richard McIntosh
Laurin Zemmrich
Brendan McVeigh
