The fast-paced high-tech industry is constantly innovating to meet shifting customer expectations, aggressive competition, and industry convergence. This is all while facing declining margins and shortening product lifecycles to drive speed-to-market. This puts significant pressure on the industry’s complex, global supply chains. The pandemic illustrated how easily they can be disrupted, impacting component availability and lead times, and ultimately, deliveries to customers.
Procurement plays a vital role in managing a company’s suppliers and the security of supply, quality, and inventory across global supply networks, contract manufacturers, and more.
To understand Procurement’s readiness to support their organizations, SAP collaborated with Oxford Economics on research into procurement digital transformation, supplier collaboration, and external labor spend. We surveyed 1,000 procurement and supply chain executives in 23 countries and 14 industries.
Read on to see what we learned from high tech executives and to see how you compare with your peers.