Webcast overview
Procurement professionals continue to grapple with challenges stemming from economic uncertainty, shifting workforce dynamics, rising material costs, supply disruptions, and generative AI. Outdated systems and inadequate data management add to these challenges. Companies must take an innovative, agile, and balanced approach to short-term proactivity and long-term planning.
A recent KPMG survey of 400 global procurement leaders captured insights on procurement’s current challenges, goals, priorities, and the path forward. It highlighted four key areas poised to redefine procurement practices.
- Paying attention to ESG mandates
- Taking new approaches to recruiting and retention
- Investing in new technologies
- Evolving stakeholder relationships
Ultimately, leading procurement organizations will rise to the top by streamlining their operations, enhancing spend management efficiency, and delivering tangible value to the organization as a whole.
