FOREWORD The future of procurement lies in digitalisation adoption
Companies who are outperforming their peers have either adopted cutting-edge , best-of-breed digital solutions or are planning to do so imminently
“ As procurement promotes this new culture of transformation and agility , its people must embrace new skills ”
Given the need for procurement to deliver more with less during existing economic challenges , it ’ s going to be increasingly imperative for procurement leaders to invest in the digital capability of their teams .
These cutting-edge digital solutions will also help attract the top-tier of today ’ s workforce , which demands a seamless , consumer-like experience in their professional as well as personal lives .
To drive adoption of this essential new technology , organisations must create a culture of digital comfort and reliance , while ensuring that the solutions and platforms they start using are simple and intuitive for both procurement teams and business stakeholders .
Companies with cultures that embrace new technology and operating models will not only survive but also thrive , while those who fail to do so will fall behind .
There is neither any space , nor time for technophobia when it comes to procurement .
Agility means adapting to changes and pressures in a timely fashion , and if your organisation is to prosper , it must operate with this agility as part of its culture .
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