Procurement creates value far beyond purchase price savings, but making that contribution visible remains a challenge. The Hackett Group’s new Analyst Perspective, Beyond Price: Measuring Procurement’s Total Value Contribution, looks at the growing importance of Procurement Value Management (PVM) and how organisations can better plan, capture, validate and report the value procurement creates. ISPnext is featured in the publication as a technology provider supporting this approach.
Why Procurement Value Management matters now
Procurement teams are expected to achieve more with fewer resources. In 2026, workload is projected to increase by 8.0%, while staffing decreases by 0.9%, creating a productivity gap of 8.9%. At the same time, organisations with mature spend visibility demonstrate what better control can deliver: purchased cost savings rise from 3.7% to 7.8%, while procurement ROI increases from 5.2x to 13.6x.
Turning procurement value into measurable results
ISPnext Procurement Value Management gives procurement teams one environment to plan initiatives, capture results, validate impact and report progress. From cost avoidance and price movements to improved payment terms and CO2 reduction, PVM helps make procurement’s wider contribution measurable and visible to finance and the business. Results can be validated through configurable approval workflows and tracked against individual and team goals in real time.
Want to see how ISPnext Procurement Value Management works in practice? Get in touch with our team ›
