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Research Managing Procurement Risk: Enterprise Agility for a Changing World

Managing Procurement Risk: Enterprise Agility for a Changing World

A strong, connected strategic sourcing and procurement function is foundational to an enterprise’s ability to successfully navigate our changing world.

Business leaders have taken notice, with many considering the disruption created by the pandemic as a wake-up call to further elevate and empower the office of procurement. Challenges still stand in the way of this goal, though, including companies’ over-reliance on manual processes, legacy systems, and a lack of integration overall. The result? Fragmented information and siloed workflows can hinder effective supplier management and collaboration with stakeholders.

Report Snap Shot

92% classified the digital maturity of their company’s sourcing and supplier management processes as less than best-in-class going into the pandemic.