It’s critical to staying ahead. Especially for the procurement function, steeped in old habits and long-standing processes that could be slowing valuable progress. Yet with so many disrupting factors facing the function, it’s difficult to know where to start in transforming to a more modern way of working that brings greater value to the business.
It goes beyond technology. Many organisations look to solutions that offer artificial intelligence or robotic process automation. But the challenge facing procurement is bigger than simply rolling out the latest digital trend. It’s time for procurement to elevate itself and start having a much wider, more strategic conversation. Helping the function to gain recognition—at board level—by delivering greater value, risk reduction and market insight that goes beyond simple cost savings.