Opportunities
Digital Transformation and Innovation: Leveraging AI and automation can streamline procurement processes, improve efficiency, and enhance strategic decision-making Strategic Partnerships and Collaboration: Building strong relationships with suppliers and stakeholders can drive innovation, improve supply chain resilience, and align with organizational goals Data-Driven Decision Making: Utilizing advanced analytics and data insights can help procurement teams make informed decisions, predict risks, and optimize supply chain performance
Spend Under Management
Supplier onboarding cycle time
Best in Class Metrics*
Sourcing Savings Rate
1 Week
93.2%
15.7%
*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
32% 26% 48% Only
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^
60%
of CPO’s surveyed said that they are losing revenue due to supply shortages @
32%
Only
of executives can quickly find alternative sources of supply when needed
50%
*Agile Procurement insights # 2025 Digital Trends in Operations – PwC
^Global Risk Survey 2023 – PwC @ Procurement 2023: Ten CPO actions to defy the toughest challenges - McKinsey
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