Benchmarking and Continuous Improvement: Procurement Digital Transformation Is Poised to Deliver a Quantum Leap
Realize 28% procurement cost opportunity from digital transformation
World-class procurement organizations enjoy a 21% cost advantage over peers. As digital transformation progresses, our benchmarking data shows that procurement organizations have a significant opportunity to reduce costs even further – by up to 28%. Technology is just one dimension of how world-class organizations improve performance. However, fully realizing these benefits demands thoughtful consideration of new, continuous improvements.
Download this paper to learn:
- Digital technology adoption rates, current and three-year trend
- Key benchmarks that build the business case for investing in procurement digital transformation
- New procurement KPIs to measure and monitor performance in the digital age
- 4 critical steps to extract value from procurement continuous improvement initiatives