For those even the least bit superstitious, Friday the 13th can be a bit spooky […]. While there is little evidence to support the theory that Friday the 13th is most unlucky (trust me, I Googled it!), SciQuest is here to help take your mind off things for a while.
We’ve rounded up thirteen promising procurement stats that will knock your lucky socks off!
1) Companies that acknowledge supply chain as a strategic asset achieve 70 percent higher performance. (source)
2) According to industry analysts, 2-5 percent of total annual costs can be saved by eliminating contract inaccuracies and non-compliance. (source)
3) SMBs are working to streamline their accounts payable processes. In fact, the use of B2B paper trade invoices dropped to 59 percent in 2012, down 10 percent from the year before, according to PayStream Advisors. (source)
4) Last year, the U.S. General Services Administration announced that the federal government has saved more than $300 million with a federal strategic sourcing program. (source)
5) In its 2013 Magic Quadrant for Strategic Sourcing Application Suites report, Gartner found that 36 percent of respondents indicated that they use their strategic sourcing application suite vendor to gather and stage supplier master data. (source)
6) In that same report, 79 percent of respondents said they access their strategic sourcing solutions via the cloud. (source)
7) Highlighted in its Global Corporate Sustainability Report last year, the U.N. found that 65 percent of respondents have developed sustainability policies at the CEO level. (source)
8) PwC found that two-thirds of its Global Supply Chain 2013 survey respondents believe that sustainability will play a more important role in the supply chains of the future. (source)
9) 60 percent of manufacturers are most worried about business interruption and supply chain risk. (source)
10) InformationWeek reports that the data volume in the enterprise is going to grow 50x year-over-year between now and 2020. Further, 85 percent of that data is coming from net-new data sources. (source)
11) According to the IDC, the big data market will have a compound annual growth rate (CAGR) of about nine percent between 2013 and 2018—higher than the overall software market, which will near six percent. (source)
12) Gartner predicts that by 2016, 70 percent of the most profitable companies will manage their processes using real-time predictive analytics or extreme collaboration. (source)
13) 57 percent of organizations have implemented continuous replenishment programs for their customers to improve logistics efficiency, according to APQC. (source)
By Jason Liner, from: http://www.sciquest.com/blog/13-stats-make-you-forget-it%E2%80%99s-friday-13th#.VNONT9LF98F