Latest industry report unmasks the rogue spending culprits in manufacturing to help save bottom lines everywhere

Posted on 31 Oct 2023 by James Devonshire

The Manufacturer’s latest industry research report has revealed the magnitude of rogue spending within the sector, identifying the most likely culprits and outlining the most common and successful methods that manufacturers use to address and tackle this phenomenon. 

Rogue Spending in Manufacturing 2023, researched and produced by The Manufacturer in partnership with ServiceNow, draws from a research programme across The Manufacturer’s engaged subscriber community of nearly 300,000 industry leaders. It outlines:

  • Fiscal Impact: The cumulative costs of rogue spending are far more significant than most manufacturers realise, and this report breaks down the numbers to reveal the true extent of the problem. 
  • Root Cause: By identifying the most common root causes of rogue spending, this report takes the crucial first step towards addressing the issue and preventing its recurrence. 
  • Common Black Holes: Discover how 40% of manufacturers report rogue spending in the same areas. Find out where. 
  • Culprit Identification: Uncover which roles within manufacturing organisations are most likely to engage in rogue spending, helping you target your prevention efforts more effectively. 
  • Prevention Tactics: Explore the top three strategies manufacturers are employing to get ahead of the rogue spending problem. 

Manufacturers can download the full report for free to access in-depth findings and actionable recommendations. This invaluable resource equips them with the knowledge and tools needed to proactively combat rogue spending within their organisation. 

Speaking about the report, James Devonshire, International Reporter for The Manufacturer and report author, said: “Against a backdrop of economic uncertainty, inflationary pressures and high energy prices, manufacturers need to do everything they can to optimize their financial efficiency and improve their bottom line.  

“But how can organisations achieve this when rogue spending is casting a shadow over their financial transparency and clouding their efforts? 

“This new report contains everything manufacturers need to start tackling this seemingly widespread industry phenomenon today.” 

Download the report

For those with a keen interest in this critical issue are invited to join a thought-provoking webinar discussion. On the 7 of November, author James Devonshire will dissect the report’s insights and nuances alongside Dr. Cesim Demir and Dean Ocampo from ServiceNow.  

Sign up for the webinar: The Manufacturer Webinars  

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