Opportunities
streamline procurement processes, enhance forecasting, and improve supply chain resilience
Diversification and Regionalization: Expanding sourcing to emerging markets in APAC can reduce dependency on single regions, enhance cost competitiveness, and improve supply chain agility Digital Transformation to drive efficiency in complex processes: Sourcing processes can require significant manual collaboration to drive outcomes. Being able to drive digital processes to capture this complexity allows for opportunities to drive impact to top and bottom line performance
0.66 Days
Average Invoice Approval Cycle time
Best in Class Metrics*
Sourcing Savings Rate
Sourcing Cycle Time
15.9%
14 Days
*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% 60% 32% 50% Only 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^
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
*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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