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"Digital Optimisation Paves the Way to Strategic Supplier Management"

Organisations focus on digital transformation in procurement to cut costs and boost agility, but many face challenges in data analysis. While 73% aim to reduce costs and 54% seek faster supplier switching, only 24% analyze supplier data effectively. This survey highlights the gap between digital goals and current supplier management capabilities.

Organizations prioritize digital transformation, yet procurement often lags, missing opportunities for cost reduction, efficiency, and strategic supplier management. Global supply chain disruptions have exposed vulnerabilities in traditional processes.

A Harvard Business Review Analytic Services survey of 271 respondents highlights how digital optimization transforms procurement. Key findings:

• 73% prioritize cost reduction; 54% face supplier agility challenges
• Only 24% analyze most supplier data effectively
• Digital procurement investments yield savings and efficiency

Explore the survey to see how digital transformation drives procurement growth.

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