Opportunities
Gain better visibility into quality issues and complaints to actively manage supplier performance Make risk due diligence part of the procurement process Digitized collaboration with suppliers to enable faster responses to supply chain disruptions
Increase touchless invoice rates with interconnected capabilities
Invoices without Exceptions
Suppliers whose Performance is Managed and tracked
Best in Class Metrics*
Sourcing Savings Rate
82.8%
100%
13.7%
*SAP Customer Benchmarking program
Top Challenges of Supply Chain and Procurement*
Only
of consumer products companies have a clear view of overall spend in real time
13% 49% 40%
of executives say most or all of their processes are manual
of consumer products 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 direct spend suppliers
25%
49% Only
of consumer products executives can quickly find alternative sources of supply
# 2024 Consumer Products Industry Outlook - Deloitte
*Agile Procurement Insights
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