Unlock Manufacturing Value Through Smarter, Digitally Enabled Procurement

As manufacturing organizations face fluctuating demand, rising input costs, and increasing complexity, procurement is taking on a larger strategic role. Its impact now extends across design, sourcing, production, and delivery – making it an essential engine for financial performance rather than a transactional function.

Key Insights

• Cost reduction remains the #1 objective for Chief Procurement Officers, according to The Hackett Group.

• Early supplier involvement in product design shortens development cycles, reduces risk, and lowers development costs – a proven value driver in automotive and electronics.

• Automation of purchasing, contracting, and e-invoicing reduces admin burden and improves efficiency, freeing teams for strategic work.

• Real-time supplier collaboration and “what-if” scenario modeling enhance resilience and supply-chain agility.

• Manufacturers using advanced supplier intelligence unlock competitive pricing, innovation support, and stronger on-time delivery performance.

See how leading manufacturers are turning procurement into a powerful engine for margin growth, innovation, and long-term value creation.