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Guide and eBook

Rising Influence: The State of Procurement 2024

The opportunities and challenges today’s enterprise linchpins face in a high stakes business environment

Discover how organizations operate in a high stakes business environment.

Procurement, sourcing, and supply chain professionals are charged with the grueling task of fixing immediate vulnerabilities in their supply chains while also rebuilding supplier networks to be stronger and more reliable than ever before. Beyond risk mitigation and resilience, procurement and supply chain teams today are also called on to help navigate shifting economic dynamics and drive efficiencies and profitable growth.

JAGGAER surveyed business leaders worldwide to better understand the rising and strategic role of procurement and supply chain management. The full report takes a deep dive into these functions’ evolving influence on key business priorities, the opportunities, challenges, and pressures they face, and what these teams need to be successful today and in the future, including:

  • The C-suite is leaning on procurement and supply chain management to help advance business priorities.
  • Organizations that apply the right technology to reduce manual workloads will enable procurement and supply chain practitioners to spend more time on strategic work.
  • IT teams report that specifically modernizing and digitizing their supply chain and procurement tech stacks is a priority.
  • Despite improved economic outlook, inflation, recession risk, and monetary policy changes continue to hit organizations hard.
  • Technology transformation across the procurement and supply chain function can also help alleviate the pain of the ongoing talent crisis.

The time to invest in supply chain and procurement is always now – especially, as the next disruption is around the corner. Discover more findings and solutions, and download the full report.

Additional Resources

Maturity Assessment

Take this quick Autonomous Commerce Maturity Assessment now to identify your maturity stage and the next steps to take in your journey.