Future of procurement
Know how to calibrate the right blend of strategic decision-making and automated support processes

Numerous forces are converging to deeply influence the future trajectory of procurement. Faced with uncertainty over their pace and impact, procurement teams should brace themselves for a myriad of potential scenarios.
In this report we examine how these forces may affect procurement teams and discuss how procurement leaders can respond—and the capabilities they will need to thrive. Our insights are augmented by findings from the KPMG 2023 Global Procurement Survey of 400 senior procurement professionals from a range of industries.
Procurement leaders have a real opportunity to recast their functions as strategic influencers, enabled by generative AI and automation, to drive high-performing, sustainable purchasing activity.
77 %
of procurement executives say risk of supply disruption is a critical external challenge.
12-18 months
Predictive analytics and generative AI are the top two technologies likely to have the biggest impact on procurement functions over next 12-18 months.
66 %
of procurement executives say increased regulatory and ESG demands are heavily influencing strategic sourcing in the next 3–5 years.*
Five strategic imperatives to address signals and seize emerging opportunities
Embed big data and generative AI to accelerate automation
Reaffirm commitment to sustainability and ESG
Drive continuous performance improvement, harnessing data and analytics
Build, train and retain tomorrow’s workforce
3–5 years
Procurement executives say developing ESG capabilities is their number one priority in the next 3–5 years.
12–18 months
Implementing data analytics is the single most important activity over the next 12–18 months.
41%
of procurement executives rate their organization’s category management as “highly mature".
Dive into our thinking:
Future of procurement
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