The Hackett Group and Zycus Collaborate to Create a Procurement Trends and Benchmarking Study

PRINCETON, NJ OCTOBER 6, 2014 – Zycus, a world leader in source-to-pay technology solutions, has joined with The Hackett Group to create a procurement trends and benchmarking study. The study will solicit data to help participating procurement executives compare their performance (budgets, savings, value, resource allocation) from their organization with those of top performers. It will also examine the key priorities facing procurement executives in 2015.

According to Chris Sawchuk, Principal and Global Procurement Advisory Practice Leader of The Hackett Group, a leader in best practices benchmarking and advisory services in the US and around the globe, “To understand the needs of the procurement community at large, it is imperative to focus on performance as well as the ever-changing dynamics of the market. Our study will provide real-world insight into the performance, practices and priorities of procurement organizations and identify what top performers do that puts them ahead of their peers.”

Zycus CEO and founder Aatish Dedhia explains that, “As part of our ongoing efforts to share market intelligence with the procurement community, we believe our collaboration with The Hackett Group on this research study will empower CPOs and their teams to improve procurement-led business performance. We are looking forward to the unveiling of this report’s findings.”

To understand the needs of the procurement community at large, it is imperative to focus on performance as well as the ever-changing dynamics of the market. Our study will provide real-world insight into the performance, practices and priorities of procurement organizations and identify what top performers do that puts them ahead of their peers.

The results of the study will be distributed and discussed by Chris Sawchuk with leading procurement practitioners at Horizon 2014, 3rd Edition of Zycus’ Annual Procurement Conference. The event will be held November 9 to 11, 2014, at the Ritz-Carlton, Amelia Island, Florida.