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The Future of Procurement - blue rays

The Future of Procurement

The Future of Procurement

Like the businesses they support, procurement functions are facing unprecedented disruption.

Leverage emerging digital and automation technologies to address procurement challenges.

Like the businesses they support, procurement functions are facing unprecedented disruption.

The procurement landscape is shifting beyond recognition, due to digitisation, consumerisation, M&A, expanding regulation, price pressures and a move to outcome-based pricing.

And with the emergence of automation and insight technologies, what the procurement function does – and how it adds value – is evolving fast.

Faced with these forces of change, CPOs must ask themselves: “How can we continue to be a strategic partner to the business?

 

A new procurement model

Remaining effective in this climate will mean re-evaluating procurement strategies; equipping teams with new capabilities; and using digital technology to gain insights and drive change.

To compete, firms must seamlessly integrate their suppliers and customers into an agile procurement operating model; and offer them compelling new digital platforms.

This will require the ability to:

  • create self-service processes and procedures in order to do more with less
  • harness large datasets to drive analytics and automation
  • embed leading workforce capabilities

 

> Download the 'Future of Procurement' report to learn more. 

 

Dealing with disruption

Forward-looking procurement leaders know how to respond to change. They’re prioritising innovation and supplier and customer relationships; and designing decentralised operating models to support business agility.

Explore our insights below to learn about the key imperatives for procurement in a changing world.