Opportunities
63%
63% of the C-Suite identified cost saving as procurement primary value driver, with 74% identified cost saving as the primary driver for the increasing use of external workforce.
71%
Whilst 71% identified geopolitical risks as a key area for procurement to focus on, only 24% were highly confident in procurements ability to manage risk strategies for different categories, and just 27% were highly confident in procurements ability to manage global risks.
46%
46% identified that AI was the top strategic priority for procurement, and 48% identified generative AI as the top technology trend to be implemented or piloted in the next 18
29%
29% identified that there had been significant improvement in productivity following AI
Source: Economist Impact study, The Resilient Edge – Procurement in an era of polycrisis
13 Days
Spend Under Management
Best in Class Metrics*
Sourcing Savings Rate
Sourcing Cycle Time
88.3%
16.7%
*SAP Customer Benchmarking program
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