Why Procurement Speed Is Now More Valuable Than Procurement Price

Background:
The traditional KPI matrix for procurement focused heavily on cost-per-part. But in 2025, that narrative is shifting. Downtime costs — especially in sectors like energy, ports, and heavy manufacturing — can now reach hundreds of thousands of dollars per hour. In this context, speed, not savings, drives competitive advantage.

The Data:
A recent McKinsey report highlights that 61% of industrial companies now measure procurement performance by response time and delivery accuracy, not just price. And 44% say their biggest supplier gap is related to lead time visibility and inventory responsiveness.

Remiex’s Approach:
We’ve built our platform to solve exactly this. Our proprietary lead-time optimization tool sources components from a network of over 100 global wholesalers, cross-checks historical availability, and auto-prioritizes by delivery window. Our DIFOT (Delivery in Full, On Time) rate stands at 94.5% — among the highest in the industry.

Case Example:
In Q1 2025, a manufacturing plant in Florida faced a 3-week delay on a batch of motor drives from a traditional distributor. Through our express sourcing route, we delivered the exact components in 6 days — saving the client over $47,000 in potential downtime.

Conclusion:
Procurement is no longer a back-office cost-saving function. It’s a real-time performance lever. Choosing the right sourcing partner means choosing uptime, speed, and control.