- Policy changes have injected uncertainty into procurement operations. Tariffs on imports are leading to halted orders and forcing companies to seek alternative sourcing options quickly.
- Procurement execution relies on specialized knowledge and supplier relationships. Many of these functions are carried out without the use of integrated systems, leading to inefficiencies such as redundant supplier contracts or missed opportunities for cost savings.
- Manual processes and lack of advanced analytics slow operations, increase errors, and limit visibility into supplier performance and cost-saving opportunities.
Our Advice
Critical Insight
CIOs play a critical role in enabling procurement transformation by modernizing infrastructure and ensuring interoperability between platforms. A modern procurement technology landscape not only boosts operational efficiency but also empowers the organization with accurate, timely insights that are essential for navigating market volatility.
Impact and Result
Gain a detailed methodology to select the right procurement technologies and vendors.