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The five characteristics of a future-ready procurement function

The five characteristics of a future-ready procurement

The role of the procurement function is changing From simply managing costs, to adding value, managing security and building closer – and more strategic – relationships.

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The five characteristics of a future-ready procurement function

The role of the procurement function is changing From simply managing costs, to adding value, managing security and building closer – and more strategic – relationships.

It means that external interfaces and the technology supporting them are increasingly important, as organisations become more networked and alliance-based. Planned and deployed correctly the potential is exciting – from decision dashboards to a reduction in repetitive and manual document requirements and auditing – bringing benefits to both the buyer and the seller. 

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© 2023 KPMG Services Proprietary Limited, a South African company with registration number 1999/012876/07 and a member firm of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved.


For more detail about the structure of the KPMG global organization please visit https://home.kpmg/governance.

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