The 2025 Procurement Benchmark Report: Insights That Matter

Your procurement data tells a story. Are you listening?

TL;DR: The 2025 Procurement Benchmark Report analyzes $20 billion in spend from seven key industries to help finance leaders optimize procurement efficiency and cut costs.

Download it here.

Every day, organizations make procurement decisions without a complete view of where their spending is actually going or how it moves through the organization. While most companies have revenue tracking dialed in, spend management doesn’t get the same attention.

This lack of visibility isn’t just a process issue—it’s a real threat to financial performance, agility, and competitiveness. Without connected procurement data, teams are stuck reacting to problems instead of getting ahead of them. Rogue spending goes unnoticed. Negotiations lose leverage. Costs creep up. Supplier relationships suffer.

Most organizations waste 3–4% of their external spend on inefficiencies, transaction costs, and noncompliance. For some, that adds up to millions left on the table every year.

What would you do with that budget back?

But without clear benchmarks, it’s nearly impossible to gauge performance or spot inefficiencies.

That’s why we created the 2025 Procurement Benchmark Report—to give you a clear, data-driven health check for your procurement strategy. We analyzed $20 billion in spend data from key industries, including Education, Biotech/Pharma, Healthcare, Manufacturing, Nonprofit, Software, and Travel & Hospitality.

Why you need this report

This report answers the questions that matter most to procurement and finance leaders:

• Are our approval cycles as efficient as they could be? Understand how companies are reducing requisition-to-PO cycle times
• Are you getting the most from your suppliers? See how leaders consolidate spend with top vendors to optimize costs.
• Is your spend visibility strong enough? Find out how centralized data improves proactive decision-making and reduces maverick spend.
• Are you optimizing spend per purchase order? Discover why consolidating smaller purchases cuts admin time and transaction costs.
• Are you tracking financial health effectively? Understand why monitoring spend volume and frequency keeps budgets on track.

Get the 2025 Procurement Benchmark Report

Our goal? To uncover where procurement practices are thriving and where even the best-run companies are falling short. You’ll see how industry leaders are transforming procurement from a cost center into a strategic driver of financial performance.

Stop managing spend like it’s 1999.

Start leading like it’s 2025.

Download the 2025 Procurement Benchmark Report and find out where you stand.