Creating a competitive advantage through procurement

Creating a competitive advantage through procurement

In a global economy that is changing at warp speed, procurement has an historic opportunity to prove that it can create value for the business, not just protect it.

The tools to help the function to do that job – Source to Pay software, robotic process automation, the Internet of Things, machine learning and AI – are becoming increasingly commonplace although, as is ever the case, different companies are at very different stages on the digital transformation journey.

Many leaders recognise that they don’t need to be restricted by the traditional definitions of procurement as a regulation-making, rule-enforcing, process-driven function. Technology is already abolishing the boundaries between procurement and other internal stakeholders.

The rise of new technologies – and the decline of old business models – gives procurement the opportunity to reinvent itself. Read this CIPS Download report, in partnership with Jaggaer, as we ask the critical question: will that opportunity be taken?