Opportunities
Digital Transformation: Leveraging technology like SAP Business Suite can streamline procurement processes, provide real-time insights, and improve decision-making Supplier Collaboration: Strengthening partnerships with key suppliers can enhance reliability, reduce costs, and support sustainability initiatives Predictive Analytics: Using AI-powered tools for demand forecasting and risk management can reduce lead times, optimize inventory levels, and improve resource efficiency.
13 Days
Spend Under Management
Best in Class Metrics*
Sourcing Savings Rate
Sourcing Cycle Time
88.3%
16.7%
*SAP Customer Benchmarking program
Top Challenges of Supply Chain and Procurement*
Only
13% 49% 40%
of executives have a clear view of overall spend in real time
of executives say most or all of their processes are manual
of executives experience product shortages with direct material suppliers
41%
of executives say they have supplier performance issues #
Only
collaborate with suppliers to remedy product quality issues with those suppliers
25% 49% Only
of consumer products executives can quickly find alternative sources of supply
*Agile Procurement Insights
# 2024 Consumer Products Industry Outlook - Deloitte
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