With the spotlight on digital transformation in procurement, organizations looking to kick-start their digital journey need to step up and plan on how they can embrace the new technologies in an ever-evolving industry landscape. CPOs need to prioritize and align their goals on how they can bring about change effectively across the organization, create a center of data excellence and make suppliers/vendors inclusive of their digital strategy.
In this joint whitepaper, we have tried to articulate what digital transformation means for procurement, why procurement organizations should invest in futuristic technologies such as Artificial Intelligence, Robotic Process Automation and Blockchain, the challenges that CPOs need to overcome, and a checklist to help professionals take procurement to the next level. This CPO checklist or guide summarizes some of the key strategies that CPOs will need to pursue to optimize savings and cost, comply with policies and government regulations, and meet customer demands.
The paper also reflects insights from the Global JAGGAER Digital Procurement Survey 2019 on the level of digitalization in procurement, the impact of new technologies and the road ahead.
Make digital transformation in procurement a reality. Download the whitepaper.
Watch this webinar recording to hear how Philips used Automation to build a business resilience strategy and ensure continuity for critical business operations amidst COVID-19.
COVID-19 pandemic has disrupted economies across the world, changing the way we live and work. According to a recent report by McKinsey, the top 20% of companies that emerged from the recession are th
COVID-19 pandemic has disrupted global economies — changing the way we live and work. It has led to an unprecedented global lockdown of non-essential services with organizations ensuring their emplo