Invest in Procurement to Enhance Digital Transformation

Supply chains operate in an environment where disruptions are almost guaranteed. To address this, procurement organizations must leverage all the tools at their disposal to not only anticipate disruptions but also change how they respond to them with targeted improvements in processes and investments. 

To build a more resilient procurement organization, organizations should evaluate current processes to ensure that they are standardized and documented, identify where the organization is investing in financial and human resources, and integrate technology into all these. APQC’s research has found that there is much room for improving procurement by standardizing processes and developing a cohesive technology strategy. 

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