A new global research study of the manufacturing industry from Ivalua and IndustryWeek reveals the challenges faced by hundreds of procurement and supply chain practitioners and what impact a unified cloud-based solution that enables deeper visibility, real-time collaboration, and automated spend management would have on their supply chains.
Some highlights include:
- Over 50% of respondents believe that improved visibility and collaboration within their supply chains would reduce costs, improve decision making, and lessen supply disruptions
- The majority of respondents still struggle to develop and launch new products on time and on budget
- Only 20% of respondents use a single, cross-enterprise digital solution, causing them to miss out on best practices and opportunities to generate maximum value for their organizations