2023 key figures
92% of Professionals confirm that Procurements impact on the economic performance of a business is either significant or game-changing
60% of respondents agree that Digitisation is a driver for Procurement to deliver more strategic value to their organization
54% of Public Sector respondents reported they experience irregular expenditure
Due to the increase in fuel prices, rising interest rates and the impacts of load-shedding, reducing supply risks remains top of the agenda for procurement departments. Maintaining optimal supplier relations is key to achieving this and it also supports positive negotiations for better pricing.
Oxalys South Africa procurement survey 2022 – Figure 1:
How would you define the top procurement’s priority for 2023 in your organisation?
Many organisations remain steadfast in their approach to leverage their existing ERP solution to cater for their unique procurement processes. The challenge is that ERP systems remain rigid and often requires businesses to align their processes as defined by the system. 15% of the respondents however have identified more flexible and cost-effective solutions that can align and digitize their existing processes, while integrating with their ERP solution, to enable seamless workflows.
Oxalys South Africa procurement survey 2023 – Figure 14:
What are your top priorities for digital procurement in the next 2 years?
Although improvement of security and alignment with internal policies remain a leading strategy for resilience, digitisation has leaped to the forefront of the CPO agenda in less than 12 months and is now the second-ranking strategy in deployment.
Localisation and inclusivity are still at the heart of procurement strategies, driving additional value in their organisations.
Oxalys South Africa procurement survey 2023 – Figure 3:
Which of these strategies are deployed in your organisation to deliver more strategic value from procurement?