The report, "The Future of Procurement in the Digital Age," discusses the challenges faced by procurement organizations in the digital age. CPOs are under pressure to control unmanaged tail-spend, predict future spend, eliminate fraud, and track supplier performance. The rapidly evolving technologies and digital transformation are addressing some of these concerns, but CPOs may still find it difficult to keep up with the pace of change. Procurement is no longer a siloed function, but rather a strategic contributor to business outcomes. The procurement role is becoming increasingly important as organizations align procurement goals with the overall strategic business agenda. Procurement is moving beyond cost savings and compliance and becoming a key enabler of business outcomes.
