Opportunities
Digital Transformation: Leveraging technology can streamline procurement processes, enhance visibility, and improve decision-making across projects Centralized Procurement Models: Implementing shared service centres for procurement can reduce costs, standardize processes, and improve supplier relationships Sustainability Focus: Adopting green building practices and sourcing eco-friendly materials can align with regulatory requirements while reducing environmental impact
Best in Class Metrics*
Sourcing Savings Rate
Sourcing Cycle Time
Invoices without Exceptions
18.4%
20 Days
95.9%
*SAP Customer Benchmarking program
Top Challenges of Supply Chain and Procurement*
of executives still use phone, email, and spreadsheets as their primary means of collaborating with partners
Only Only 32% 26% 48% 60% 32% 50%
of executives say their organization’s collaboration with top suppliers is highly effective
of leaders say that gaining visibility into vendor performance is challenging #
of CPO’s surveyed indicated that enhancing risk management is a top CPO priority^
of CPO’s surveyed said that they are losing revenue due to supply shortages @
of executives can quickly find alternative sources of supply when needed
^Global Risk Survey 2023 – PwC @ Procurement 2023: Ten CPO actions to defy the toughest challenges - McKinsey
*Agile Procurement insights # 2025 Digital Trends in Operations – PwC
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