Proxima launches study into scope for change through supply chain management

LONDON - June 23, 2014 - PRLog -- LONDON, UK and CHICAGO, IL - June 23, 2014 – Proxima (http://www.proximagroup.com/), the world’s largest pure-play procurement outsourcing and services provider, has today launched a new study (https://www.surveymonkey.com/s/8R7DPTK) that seeks to establish how supplier engagement can change the way that businesses operate.

The three-month study is expected to draw on the perspectives of a large cross-section of international business and will poll sector participants on the ways in which suppliers contribute to the changing ways that their businesses operate.

This study follows Proxima’s last major research study into the trend of corporate virtualization (http://insight.proximagroup.com/corporate-virtualization), which analysed the trends towards externalisation of company activities and the implications for cost management among large organisations.

That report found that large businesses spend 70% of their revenues on suppliers, but many continue to struggle to gain maximum value from those relationships – particularly in non-core, high spend areas (such as Marketing, IT, Professional Services and Facilities Management).

Improved management of these spending areas can be a driver of business performance financially, and in terms of environmental and social impact, and this research seeks to explain how.

Guy Strafford, Chief Client Officer of Proxima, said:

“In building a comprehensive picture of the difference a deep, proactive approach to supplier engagement can make, it is essential to analyse the impact that suppliers can have on the way that a business operates.

Our previous studies have provided critical data which strongly indicates that full value from supplier engagement is not being realised – not only in cash terms, but in terms of research, development, innovation, market intelligence and resulting improvements to risk management and visibility on future cost trends. We look forward to sharing the results with participants later this year.”

To take part in this global procurement study (https://www.surveymonkey.com/s/8R7DPTK), interested participants should visit this link (https://www.surveymonkey.com/s/8R7DPTK). All survey participants will gain access to an invitation-only presentation in September for a first-hand, exclusive look at research results.

For further information, please visit www.proximagroup.com

Media Contact:
FTI Consulting, for Proxima
Jamie Robertson
+44 (0)20 3727 1444
jamie.robertson@fticonsulting.com

Francesca Boothby
+44 (0)20 3727 1444
francesca.boothby@fticonsulting.com

About Proxima:

Proxima, a leading global procurement services provider, is the alternative approach to the conventional in-house procurement function. We address one of the most complex problems facing modern businesses – the extent to which most operations are now carried out by suppliers, and the lack of control associated with that – and turn it into a massive opportunity. We do this by focusing on aligning an organization’s third party costs with their corporate aims and helping companies spend well and maximize value from their operations.

Proxima manages over $10 billion in operational spend from clients across a broad range of industries including consumer products, financial services, healthcare and media and entertainment. Proxima is headquartered in the U.K. with U.S. offices in Chicago and Los Angeles along with a significant European footprint. For more information, please visit www.proximagroup.com.