New technologies and digital processes draw a lot of attention, and for a good reason. Nothing can transform a procurement function quite like a new digital initiative. However, there is a lot that goes into implementing one successfully. Any transformation effort requires a significant investment of both time and money. A recent study from CNBC says “Last year alone companies put $1.3 trillion into transformation initiatives – 70% of which was wasted on failed programs.”
With that kind of investment a 70% failure rate becomes even more concerning.
Fortunately, when you know what to look for all of the common mistakes that derail a digital process can be avoided. That’s why we’ve put together this checklist complete with 10 steps you’ll need to upgrade an old digital process or flawlessly implement a new one.
Read our checklist today to get clear, actionable steps to: