Procurement in the Cloud

Published On:
November 17, 2023
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Supply chain disruptions and uncertainty have driven many organizations to adopt cloud-based purchasing applications and platforms. While the cloud allows for more flexible access, better collaboration, lower costs, and increased scalability of solutions, there are risks and tradeoffs involved with different cloud environments.

Using data collected in APQC’s Procurement Open Standards Benchmarking research with 1,181 global participants, this article provides a cross-industry perspective on the current state of cloud deployment for purchasing applications and the cloud environment currently in use in procurement.