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"Redefining the Future of Procurement"

European procurement teams face budget constraints as demand grows, driving managed spend programs for non-production purchases. A survey of 500+ professionals shows 85% use online marketplaces, 60% have majority spend under management, and AI analytics users exceed budgeting targets by 7%. Discover procurement transformation strategies.

Procurement teams in Europe face rising costs and tight budgets, struggling to keep up with inflation. Traditional methods fall short as teams are pressured to deliver more value with fewer resources amid geopolitical and supply chain challenges.

Research shows organizations are transforming strategies by managing non-production spend and adopting digital tools. Key findings:

• 85% use online marketplaces, outperforming traditional methods in budgeting
• 28% use AI-powered spend analytics for real-time visibility and predictive purchasing
• Supplier consolidation improves pricing and efficiency

Discover strategies to optimize procurement in today’s tough environment.

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