The Hackett Group's Procurement Executive Insight report shows that only 17% of procurement organizations rank their current business environment as stable, with the majority facing a dynamic set of circumstances, including the threat of disruptive innovation, intensifying competition, and pressures to transform their business models in the digital age. To succeed in this environment, procurement must become more agile and structurally transform itself for the mid- and long-term. The challenges also offer opportunities to create competitive advantage. The report suggests that procurement organizations should build agility and resilience into their operations to thrive in the digital economy.
