“ A MAJOR PROBLEM WITH MANY PROCUREMENT MODELS IS THAT A COMPANY ’ S BUDGET OWNERS SIMPLY USE THE SAME INCUMBENT SUPPLIERS THEY HAVE BOUGHT GOODS AND SERVICES FROM FOR YEARS ”
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 state-ofthe-art technologies .
“ The numbers paint a clear picture ”, says Globality ' s Chief Revenue Officer , Keith Hausmann . “ The future of procurement lies in successfully taking digitalisation to the next level , with the companies who are outperforming their peers having either adopted cutting-edge , best-of-breed digital solutions already or plan to do so in the immediate future . Those that don ’ t will fall behind .” Hausmann leads the go-to-market activities at Globality and is a member of the senior leadership team , driving Globality ' s vision of bringing needed innovation to the indirect procurement process
Technophobia : Ensuring employee buy-ins to technology adoption It is important for procurement leaders to effectively communicate the advantages of new technology to their teams , highlighting how it will not only eliminate repetitive manual tasks , but also allow the function
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