Digital Procurement Survey

4th Edition

82%

of highly digitised Procurement departments create distinctive value through their data
77%

of Procurement departments have implemented solutions on both S2C and P2P processes
41%

of Procurement processes are digitised, huge opportunity for further digitalisation
27%

of Procurement departments tracks the CO2 emissions of its suppliers

Strategic priorities in purchasing are cost reduction, risk management and further digitalisation

In times of supply bottlenecks, rising commodity prices and growing inflation, procurement departments around the globe are focusing on the essentials: Reducing costs and managing risks.

As the pandemic subsides, however, the digitalisation of procurement is once again coming into focus. Companies are willing to invest a lot of money to make the idea of digital procurement a reality. The planned investments are to flow primarily into digital source-to-contract (S2C) and procure-to-pay (P2P) solutions.

In contrast, the hype around innovative technologies in procurement – such as blockchain and artificial intelligence – has faded. CO₂ trackers are becoming increasingly relevant.