The future of procurement

In a world where consumers can make purchases at the touch of a button, delays are no longer an option.

Are you balancing value and risk while improving experience-centricity? That’s the question chief procurement officers need to ask themselves. Because businesses are facing unprecedented change and disruption. And for some organisations, their very existence is under threat — especially in the new reality.

Consumerisation, increasing regulations and shifts to outcome-based pricing are just a few reasons procurement leaders are re-evaluating their strategies. Then there’s the impact of automation and analytics, self-service, and a myriad of user-friendly processes, policies and procedures. Add to this the ever-present pressure to do more with less, and it would appear the role of procurement is shifting dramatically with a focus on adding value.

In the face of continuous change, one thing is certain: the procurement organisation of tomorrow must disrupt itself to grow or get left behind.

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

They are also enabling the future of procurement with:

There are more disruptors at work than ever before — and they’re moving fast and at scale. How can your procurement team turn these disruptors into opportunities to grow and gain competitive advantage? Contact our team to accelerate your digital transformation journey today.