A gap in priorities between procurement and supply chain teams has resulted in higher costs, longer cycle times and less resilience, according to research.

A survey of procurement and supply chain executives found for buyers the top priority was “managing costs in face of inflation”, while for supply chain execs it was “ensuring delivery amidst supply shortages”.

This misalignment in priorities was a concern in organisations, as 58% of supply chain officers reported the gaps were resulting higher costs, 47% said they caused longer cycle times, and 42% reported negative impacts on resiliency. Additionally, around 45% said it resulted in an inability to source critical materials.

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