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Share of manufacturers investing in digital procurement worldwide in 2022, by procurement function

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Source

Release date

March 2023

Region

Worldwide

Survey time period

September 9 to 27, 2022

Number of respondents

250 CFOs

Supplementary notes

Manufacturers investing or planning to invest in procurement functions.

Citation formats

Procurement functions manufacturers invested the most in 2022

Published by
Yihan Ma,
Jun 1, 2023
A 2022 survey carried out among Chief Financial Officers (CFOs) of manufacturing companies showed that logistics and supply chain management were the main procurement function they invested or planned to invest in. In the manufacturing sector, digital procurement was essential to keep supplier data systems, a function nearly ** percent of surveyed CFOs invested in. Purchase order automation ranked third, with about ** percent of answers.
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