The report highlights the importance of effective supply chain management and the need for a digital procurement operating model transformation. The financial impact of supply chain disruptions can be significant, and organizations must be prepared to respond and recover quickly. The CPO's role in managing supply chains is critical in an increasingly volatile environment, and digital transformation can help build a resilient and agile supply chain. The report suggests that a mix of new tools such as RPA, machine learning, AI, and NLP combined with existing S2P suites can help procurement deliver results and reduce costs by 55%.
