The future of procurement lies in digital adoption
Companies who are outperforming their peers have either adopted cutting-edge , best-ofbreed digital solutions or are planning to do so imminently .
Globality recently partnered with ProcureTech for a comprehensive survey on the future of procurement . The survey gathered insights from nearly 200 leaders across sector and company size , and highlighted that more aggressive and advanced digital transformation will be a top priority over the next three years , as procurement leaders adopt new technologies to inject agility into their operating models and react quickly to dynamic economic , environmental and geopolitical situations .
The results showed that digital transformation and new ways of working will reshape procurement , with 90 % of respondents expecting a relative or significant change in their operating model over the next three years ; 63 % said that the role of procurement itself will be changed for the better by leveraging stateof-the-art technologies .
� SCHNEIDER ELECTRIC Schneider Electric has taken first place in CIPS awards with its Zero Carbon Project , that is said to have influenced an estimated 1,000 of its partners .
� GLAXOSMITHKLINE Global biopharma company GlaxoSmithKline has launched a sustainable procurement programme at Scope 3 level , that requires all suppliers to implement by 2023 .
� UK GOVERNMENT The UK government ’ s Procurement Bill is being challenged for its " vague wording " by a spokesperson for charity think tank , ‘ New Philanthropy Capital ’, accusing it of “ disregarding social value ”.
� THE EUROPEAN COMMISSION The EC is proposing a major overhaul of EU supply chains through the Single Market Emergency Instrument . Is the securing of the supply chain by one region at the expense of another ?
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