Key Highlights
- 86% of buyers are willing to pay more for better customer experience in procurement
- 70% of procurement organizations believe customer experience is a key differentiator
- 65% of procurement professionals say that improving customer satisfaction has increased their company’s revenue
- Companies with strong procurement customer experience see a 20% higher renewal rate for suppliers
- 78% of procurement leaders plan to invest in CX tools over the next year
- 52% of procurement teams lack real-time insights to improve customer interactions
- 40% of procurement projects fail to meet customer expectations
- 89% of procurement professionals agree that digital transformation enhances customer experience
- 60% of procurement stakeholders view customized communication as critical to a positive customer experience
- 75% of procurement managers believe customer experience impacts supplier relationships
- 81% of procurement organizations have increased investments in CX initiatives in the last two years
- 67% of procurement vendors say customer feedback directly influences their service improvements
- 45% of procurement professionals report challenges in aligning CX goals with operational processes
Did you know that a staggering 86% of procurement buyers are willing to pay more for a superior customer experience, highlighting CX as the ultimate game-changer in the procurement industry?
Customer experience and feedback measurement
- 65% of procurement professionals say that improving customer satisfaction has increased their company’s revenue
- 52% of procurement teams lack real-time insights to improve customer interactions
- 40% of procurement projects fail to meet customer expectations
- 60% of procurement stakeholders view customized communication as critical to a positive customer experience
- 67% of procurement vendors say customer feedback directly influences their service improvements
- 78% of procurement teams use customer satisfaction surveys to evaluate supplier performance
- 65% of procurement organizations have reduced cycle times through CX-driven process improvements
- 73% of procurement teams have implemented or plan to implement customer-centric KPIs
- 69% of procurement firms report increased stakeholder satisfaction after CX improvements
- 58% of procurement managers cite poor communication as the main barrier to delivering a good customer experience
- 80% of procurement organizations find that improving CX reduces supplier complaints
- 66% of procurement analytics projects aim to enhance the customer journey
- 57% of procurement teams experience increased collaboration after deploying CX-focused tools
- 64% of procurement departments have seen improved supplier onboarding experiences from CX efforts
- 54% of procurement organizations use mobile apps to enhance customer interactions
- 48% of procurement projects focus on improving post-service customer support
- 67% of procurement teams leverage social media feedback to improve customer experience
- 61% of procurement departments have integrated customer feedback into their supplier evaluation processes
- 72% of procurement organizations plan to increase their investment in CX training for staff
- 77% of procurement professionals report that CX improvements have led to faster issue resolution
- 79% of procurement analysts say their CX-focused initiatives have resulted in increased transparency
- 54% of organizations reported improved alignment between procurement and sales teams after CX enhancements
- 69% of procurement professionals consider real-time data crucial for delivering better CX
- 72% of procurement companies include CX metrics in their overall performance dashboards
- 64% of procurement teams see a direct link between CX improvements and increased innovation
- 80% of procurement managers believe that continuous feedback cycles improve CX
- 55% of procurement professionals report that digital self-service portals greatly enhance customer experience
- 71% of procurement teams have seen cost reductions as a result of CX-driven process improvements
- 83% of firms prioritize customer experience as part of their procurement digital strategy
- 78% of procurement organizations are trying to improve their onboarding process for new suppliers to enhance CX
- 58% of procurement departments use customer journey mapping to identify CX gaps
- 62% of procurement organizations have appointed dedicated CX roles or teams
- 85% of procurement organizations measure customer satisfaction at multiple touchpoints
- 51% of procurement professionals report that poor CX leads to increased supplier churn
- 74% of procurement teams use customer feedback data for continuous improvement
Customer experience and feedback measurement Interpretation
Customer willingness and expectations
- 86% of buyers are willing to pay more for better customer experience in procurement
- Companies with strong procurement customer experience see a 20% higher renewal rate for suppliers
Customer willingness and expectations Interpretation
Investment and technological adoption in procurement
- 78% of procurement leaders plan to invest in CX tools over the next year
- 81% of procurement organizations have increased investments in CX initiatives in the last two years
- 43% of procurement organizations plan to leverage AI for better customer service in the next year
- 74% of procurement departments plan to adopt omnichannel communication strategies within the next year
- 70% of organizations report a measurable ROI from their investment in procurement CX solutions
- 60% of procurement companies are adopting voice technology to enhance customer engagement
- 77% of procurement teams plan to implement more automation to improve CX
Investment and technological adoption in procurement Interpretation
Perceptions and beliefs of procurement professionals
- 70% of procurement organizations believe customer experience is a key differentiator
- 89% of procurement professionals agree that digital transformation enhances customer experience
- 75% of procurement managers believe customer experience impacts supplier relationships
- 45% of procurement professionals report challenges in aligning CX goals with operational processes
- Nearly 50% of procurement professionals believe that CX directly affects their company's competitive advantage
- 88% of procurement professionals agree that consistent and transparent communication boosts customer trust
- 89% of procurement leaders see customer retention as a primary benefit of CX initiatives
- 76% of procurement managers think that automation improves customer experience
- 55% of procurement teams believe personalized customer experiences increase loyalty
- 85% of procurement organizations believe that better CX leads to better compliance among suppliers
- 83% of procurement leaders recognize the importance of emotional intelligence in delivering a superior CX
- 68% of procurement teams believe that customer experience impacts their risk management strategies
- 65% of procurement professionals say that enhanced CX leads to better risk mitigation
- 75% of procurement leaders see customer experience as essential for sustainable procurement practices
- 54% of procurement teams cite lack of employee training as a barrier to improving customer experience
- 81% of procurement firms believe that integrating AI chatbots enhances customer engagement
- 72% of procurement managers think that improved CX leads to lower procurement costs
- 84% of procurement professionals agree that data privacy concerns impact customer trust
- 69% of procurement organizations believe that CX initiatives support their innovation goals
Perceptions and beliefs of procurement professionals Interpretation
Procurement leadership and strategic planning
- 54% of companies see improved procurement efficiency after focusing on customer experience strategies
- 82% of procurement leaders prioritize CX in their strategic planning
- 69% of procurement organizations are developing targeted CX strategies for different supplier segments
Procurement leadership and strategic planning Interpretation
Sources & References
- Reference 1GARTNERResearch Publication(2024)Visit source
- Reference 2MCKINSEYResearch Publication(2024)Visit source
- Reference 3CAPTERRAResearch Publication(2024)Visit source
- Reference 4SUPPLYCHAINDIGITALResearch Publication(2024)Visit source
- Reference 5FORBESResearch Publication(2024)Visit source
- Reference 6TECHRADARResearch Publication(2024)Visit source
- Reference 7PROCUREMENT-ACADEMYResearch Publication(2024)Visit source
- Reference 8HBRResearch Publication(2024)Visit source
- Reference 9SUPPLYCHAINQUARTERLYResearch Publication(2024)Visit source
- Reference 10SUPPLYCHAINBRAINResearch Publication(2024)Visit source
- Reference 11CIOResearch Publication(2024)Visit source
- Reference 12PROCUREMENTMAGResearch Publication(2024)Visit source
- Reference 13INDUSTRYWEEKResearch Publication(2024)Visit source
- Reference 14CIIResearch Publication(2024)Visit source
- Reference 15DIGITALISTMAGResearch Publication(2024)Visit source