Opportunities
33%
33% of the C-Suite identified that the CPO owns the Ai strategy for procurement, and 49% identified that Gen Ai is the top technology trend to be piloted or implemented in next 18 months with 51% identifying AI strategy and integration to be a top strategic priority for procurement for the next 18 months.
59%
59% identified geopolitics as a top organizational risk area for procurement, with 41% identifying supply chain reorganization as the top strategic priority for next 18 months in response. 29% of respondents were highly confident in procurements ability to manage global external risks, but only 18% have high confidence in procurements ability to manage risk strategies for different categories.
19%
19% identified Supplier performance as procurements primary value proposition (compared to 30% who said cost savings) and 45% were highly confident in procurements ability to manage supplier risk and performance. 50% identified stronger supplier relationships because of increased collaboration with suppliers. However, only 29% were highly confident that procurement could work with existing suppliers to manage local market disruptions.
Source: Economist Impact study, The Resilient Edge – Procurement in an era of polycrisis
Sourcing Savings Rate
Invoices without Exceptions
Best in Class Metrics*
PO Spend associated with Catalog and Contract
92.2%
15.7%
98.8%
*SAP Customer Benchmarking program
Made with FlippingBook flipbook maker