Following the procurement trends and key performance indicators (KPIs) of your business along with the challenges faced by you are great ways to monitor your business’ progress and performance. Your company’s KPIs are even more informative when compared with others in a similar industry.

A snapshot of your company’s trends, KPIs, and benchmark data helps to present a clear picture of your business. Knowing your relationship not only to the competitors in your market but also your stakeholders like suppliers, partners etc. help you to focus on your strengths and identify areas for improvement.

Zycus announced that keeping up with the annual tradition of showcasing trends and updates in the procurement industry, it has once again geared up to conduct its popular research study ‘Pulse of Procurement’ 2016.

The survey, which can be accessed here, is the stepping stone for the annual research that will provide a detailed insight into the current challenges procurement professionals face and the expectations they have from the industry in terms of innovations and technology enhancements for the year.

Zycus has been doing this survey for the last 5 years and every year the study encompasses more than 400 procurement professionals and executives from around the world. All survey respondents completing the survey will be provided with an exclusive first look at the final research report for 2016, which will provide insights into the following topics:

• Focus areas for top performing procurement teams in 2016
• Pain points for the procurement industry and recommendations to overcome them
• Statistics for bench-marking factors like procurement maturity, compliance and spend under management
• Insights into procurement technology trends for 2016