Procurement Magazine March 2024 | Page 19

EXECUTIVE INSIGHT

“PROCUREMENT PROFESSIONALS NEED TO BE MORE ‘ ATHLETIC ’ THAN EVER BEFORE ”

term planning . The survey tells us the majority of procurement professionals ( 84 %) have put together roadmaps for the developments of their procurement function in the next one to three years , while 51 % have thought through their procurement development strategy for the next three to five years .
These roadmaps are key to building identity and prioritising activities and investments required to fulfil a vision , aligning with stakeholders , and chartering a team to execute . Client experience suggests that roadmaps also require a regular refresh . Revisiting provides an opportunity to re-prioritise , assess progress , and strategically course correct as needed .
Q . WHY ARE SURVEYS SUCH AS THIS SO VALUABLE FOR THE INDUSTRY ?

» Procurement is dynamic . We constantly face shifting demands and business priorities . We believe the survey data and insights provide crucial information for procurement and supply chain leaders as they carve a path forward and define that identity . Finally , we want to make sure KPMG is investing in the solutions and services to best serve our clients .

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