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In the Spotlight


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Digitalization’s Opportunity for a Bold and Bright Procurement Future

Supply chain weaknesses are evident when organizations lack visibility that results in being blindsided by one or more factors. Continued reliance on manual processes for both strategic and operational procurement is holding back many organizations. Both are critical, driving strategic end-to-end procurement and ensuring compliance, efficiency, and best-in-class operations.

Chief procurement officers understand the power of digitalization, which applies the latest computing technologies and best practices to business processes previously executed manually.

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Procurement in the Spotlight: Exploring How Digitalization Drives Real-Time Transformation

It may be stating the obvious, but what a difference a couple years make. If you’re in procurement, the last two years have seen our profession transforming itself in real time from a finance and operational function to one that creates value and plays a key role in risk management.

In a wide-ranging study sponsored by SAP, Economist Impact looked at this ongoing transformation, interviewing 430 C-level executives between January and February 2022. The interviews went beyond conversations with procurement leaders.

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SAP: The evolving role of the Chief Procurement Officer

In the past, the role of procurement and supply management was to acquire goods and services that enabled companies to operate in a profitable manner. Procurement has since evolved from being a subset of the supply chain function, where the focus of CPOs was to drive down costs, to an enterprise-wide capability that helps increase productivity and supports the critical internal and external relationships necessary for innovation.

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Extend the Influence of Procurement

Watch this on-demand webinar to see how you can meet today’s economic pressures, cut costs, and strengthen sustainability by connecting, consolidating, and supplementing procurement data and activities.

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Accelerating Digital Transformation through RISE with SAP and Integrated Business Networks

To get ahead of rapid shifts in the marketplace, businesses are turning to the cloud, where increasingly integrated digital networks extend visibility and ensure resilience across their operations and those of their interconnected buyers and suppliers.

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Product Sourcing Reins in Complexity of Sourcing Highly Engineered Products

Traditional sourcing solutions fail innovative companies that are creating highly engineered products. SAP is filling this critical gap with solutions that cover direct material sourcing needs, from product development and mass production to contract renegotiation.

With new product sourcing solutions, SAP shines a spotlight on the unique direct material sourcing needs of automotive and industrial machinery and components (IM&C) manufacturers.

Read about in SAP News Center
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Beyond Sourcing Podcast | Episode 07: Change and Beyond

In this episode we talked with Dr. Michael Niessen, former chief procurement officer at Deutsche Post DHL. Listen as he shares what has changed in the procurement profession in the last 10 years, why procurement is a cool profession to be in, and the advice he'd give to young talents starting their journey “beyond sourcing” today.

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