Is digital transformation driving more effective procurement?
Efficio’s major research study developed in co-operation with Cranfield University.
The survey examines how 225 senior procurement professionals from across the globe view the digital procurement landscape and its impact on their organisation.
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.
Key findings include:
- 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.