Digital transformations driven by technological breakthroughs are opening up new performance perspectives for company business lines and external suppliers.
To make the most of these disruptions, purchasing faces three main challenges:
- Help business lines integrate new opportunities into their operations and take full advantage of the resulting performance improvements.
- Challenge historical suppliers on their digital maturity and on their ability to deliver performance levels unattainable through traditional operating models.
- Integrate digital pure players into the company’s supplier ecosystem.
For procurement directors, the game is on: Performance improvement can be supported through a variety of novel means, and these must be harnessed.