Supply Chain Dive, “Procurement must go digital to keep up with the pack,”

April 1, 2017
1 Min Read

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.