The role of procurement is shifting dramatically with a renewed focus on adding value. Business leaders are looking to the procurement function to help their organizations’ grow and gain competitive advantage by taking a broader and deeper set of strategic responsibilities. Yet, our new reality means procurement officers are faced with an ever-growing list of challenges and disruptors, leaving many struggling to do more with less.

Consumerization, expanding regulatory requirements, pricing pressures, evolving industry landscape due to M&A activity, shifts to outcome-based pricing are all key forces compelling procurement officers to reevaluate their strategies.

How can procurement balance value creation and risk management with the need to offer better experiences to their organization? How can your procurement function evolve and innovate to keep ahead of change?

Read our report to learn about:

  • Disruptors shaping the future of procurement
  • How Chief Procurement Officers should respond
  • Third-party, customer, and ethical procurement
  • Category innovation
  • Digital procurement platform

The CPO agenda for the future of procurement

Leading procurement organizations have developed an agenda to deal with disruption. They are moving into the future by becoming:

Category innovators - graph

Category innovators

Use deep supply market insights and predictive analytics to deliver on organizational needs.

Customer-centric - people

Customer-centric

Become user-friendly by delivering seamless procurement experiences and business compliance

Supplier centric - box

Supplier centric

Drive supplier performance and take partner relationships to a new level

Sustainable sourcing - hand holding plant

Sustainable sourcing

Integrate within the wider supplier risk and value chain agenda, while driving a social, sustainable agenda

They are also enabling the future of procurement with:

A digital platform - map layers

A digital platform

How do you harness technology to re-energize and re-focus procurement’s activities?

Insights and analytics - playbook diagram

Insights and analytics

How do you capitalize on data to drive work prioritization and deliver superior procurement experiences.

The workforce of the future - employees

The workforce of the future

Are your procurement professionals ready to become relationship brokers and data masters?

An agile operating model - circular arrows

An agile operating model

How do you restructure procurement to enable flexibility and a stronger connection to other parts of the business?

Insights and resources

Connect with us

The key to success is to develop a blueprint for how your procurement team can turn disruptors into opportunities for your business. Contact us today to discuss the future of your procurement function. We’re here to help.

Stay up to date with what matters to you

Gain access to personalized content based on your interests by signing up today

Sign up today

Connect with us