Most midsize enterprises lack disciplined sourcing practices, category expertise and spending power to negotiate and maintain competitive supply chains, according to a new AberdeenGroup benchmark report, "Strategic Sourcing in the Mid-Market Benchmark: The Echo Boom in Supply Management." Aberdeen estimates that such deficiencies are costing midsize U.S. firms $134 billion a year in missed supply savings opportunities.
Aberdeen's benchmark of 133 procurement and supply chain executives found that continued pressures to reduce costs and improve spending visibility and control have made strategic sourcing improvements a priority for most mid-size enterprises.
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