BOSTON, MA--(Marketwire - December 6, 2007) - Procurement executives continue to have issues
getting on the Chief Financial Officers (CFOs) agenda, leaving
procurement's expansive transformation incomplete, according to a new
benchmark report by Aberdeen, a Harte-Hanks Company (
NYSE:
HHS).
"The CFO's View of Procurement" benchmark report discovered that less than
20% of enterprises consider the work of CPOs and their staff as having a
very positive impact on competitiveness. The new study attributes this
factor to a lack of open dialogue between the finance and procurement
departments.
"Procurement executives should challenge the current view that it is
procurement's responsibility to negotiate budget reductions with the line
of business," said Andrew Bartolini, vice president in charge of global
supply management research at Aberdeen. "Once savings have been achieved,
it should not fall to procurement to establish how this real benefit should
be allocated across the enterprise, but rather to either the line of
business or finance."
Aberdeen's new research recommends that enterprises encourage improved
communication between finance and procurement, beginning with the
definition of a "common language" between the two groups. By creating
uniform metrics and aligning departmental performance objectives, CFOs and
CPOs can fill the communication gap and create strategic alignment.
This report is made available to the public, in part, by the following
underwriters: Ariba, Zycus, Puridiom and ApexAnalytix. To obtain a
complimentary copy of the report, visit:
http://www.aberdeen.com/link/sponsor.asp?cid=4202.
About Aberdeen Group, a Harte-Hanks Company
Aberdeen is a leading provider of fact-based research and market
intelligence that delivers demonstrable results. Having benchmarked more
than 30,000 companies in the past two years, Aberdeen is uniquely
positioned to educate users to action: driving market awareness, creating
demand, enabling sales, and delivering meaningful return-on-investment
analysis. As the trusted advisor to the global technology markets,
corporations turn to Aberdeen™ for insights that drive decisions.
As a Harte-Hanks Company, Aberdeen plays a key role of putting content in
context for the global direct and targeted marketing company. Aberdeen's
analytical and independent view of the "customer optimization" process of
Harte-Hanks (Information - Opportunity - Insight - Engagement -
Interaction) extends the client value and accentuates the strategic role
Harte-Hanks brings to the market. For additional information, visit
Aberdeen
http://www.aberdeen.com or call (617) 723-7890, or to learn more
about Harte-Hanks, call (800) 456-9748 or go to
http://www.harte-hanks.com.
© 2007 Aberdeen Group, Inc., a Harte-Hanks Company
260 Franklin Street
Boston, Massachusetts 02110-3112
Telephone: (617) 723-7890
Fax: (617) 723-7897
www.aberdeen.com
Contact Information: Media Contact:
Andrew Bartolini
Aberdeen Harte-Hanks
(617) 854-5310
andrew.bartolini@aberdeen.com