April 01, 2017
Supply Chain Dive, “Procurement must go digital to keep up with the pack,”
More and more, digitization is becoming an anchor for growth strategies and procurement is no exception, Supply Chain Digest reports. Yet, a recent survey by IT service management consultants The Hackett Group reveals procurement budgets are expected to rise just 1% this year, placing a strain on innovation. As a result, the group identified four lower-cost digitization priorities procurement professionals can pursue: speeding the purchase to pay process; reducing regulatory non-compliance; improving organizational agility and supporting enterprise-wide digital goals.