Procurement 2025: Is digital transformation driving more effective procurement?

How can procurement teams deliver more value, faster, by developing and executing a digital strategy? How can they ensure this value is sustainable? What steps should they take to achieve greater efficiencies in the digital age?

Download your copy of Efficio’s major new research study, ‘Procurement 2025: Is digital transformation driving more effective procurement?’, developed in co-operation with Cranfield School of Management.

It explores the extent to which procurement leaders across geographies are reconsidering their approach to procurement due to the emergence of digital technologies, the impact this is having on their organisations and the key barriers to successful digital transformation.

Among our key findings are:

• Companies believe that a key benefit of technology is allowing more data-driven decision-making in procurement
• The biggest barriers to harnessing the power of technology is a lack of talent and low levels of supplier support in ensuring new technology and solutions work
• Rather than investing in new technologies, companies want to make better use of existing technologies

Our study includes interviews with senior procurement professionals, case studies, and practical tips on tackling the digital transformation challenge in procurement – including making the shift to data-driven decision-making.