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How will emerging technology change procurement?
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The rise in digital transformation has led to a massive increase in data as the systems used at a company continue to grow. In fact, the 2019 Deloitte Global CPO Survey showed that 59% of CPOs believe analytics in procurement will have the most impact on their businesses over the next two years. As data grows exponentially, procurement leaders today are dealing with: Increasing data complexities Poor master data quality The inability to generate analytics...
Many procurement organizations will be focused on finding new sources of value in 2019. Innovative approaches will drive these new sources of value because most of the quick & easy wins have already been identified. This section of the CPO Rising 2019 report examines how to use performance and operational statistics as benchmarks to measure your organization's performance. It also looks at how "Best-in-Class" performers maintain a competitive advantage. What you’ll learn: What defines "Best-in-Class"...
As a procurement leader, you want to gain a deeper understanding of and visibility into enterprise spend. This starts with having operable data to set the foundation for your procurement optimization efforts. Leverage digital technology to achieve spend visibility and uncover intelligent insights that allow you to tap into savings opportunities of up to 20%, place up to 89% of spend under management, and ultimately evolve your indirect procurement function into a strategic source of...