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We expect the following innovations to have the most impact in procurement departments in the coming months: Generative AI: Generative AI stands to redefine efficiency across the procurement lifecycle – however adoption has been slow. Explore Ivalua’s intake management solution. In 2025, implementation is likely to accelerate.
How do ChiefProcurementOfficers and their teams leverage digital transformation to take control of their data and better deliver against their strategic objectives? . Dramatic supply and demand shifts during the pandemic prioritized the need for data accuracy to solve short and long term supplychain challenges.
Lack of Visibility Beyond Tier 1. According to the 2021 Deloitte ChiefProcurementOfficer Survey, “Around 70% of CPOs felt that they had good visibility on the risks that existed in their direct (tier 1) suppliers. Yet only 26% were able to confidently predict risk within their supply bases.
Do you have visibility of a global supplychain? If your organisation struggles with supplychainvisibility you are not alone, according to Deloitte’s survey of ChiefProcurementOfficers, 65% of CPO’s have limited or no visibility beyond their Tier 1 suppliers.
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