Procurement Professionals Survey: Procurement’s Perspective on Content Purchasing
This report highlights findings from Outsell’s first-ever survey on the procurement function’s role in organizational content buying. It provides a unique perspective from outside the information management (IM) function on how organizations are managing or coordinating (in conjunction with IM or not) the money flows for the acquisition and deployment of published information content, and the role of procurement functions in the strategic sourcing and leveraging of this critical, expensive, and often invisible commodity. This report is based on a survey conducted in October and contains:
- Data and analysis of procurement professionals’ content buying practices in organizations both with IM functions and without;
- A comparison of procurement professionals’ practices to those of vendor portfolio managers to understand similarities and differences in approach;
- Analysis of the strengths each party brings to the table, where improvements and savings might be achieved through better practices, and how organizations might better contain and manage spending on information content;
- Imperative actions for information managers.