The Road to Ready
How ready are you to anticipate and respond to the unexpected? To drive better performance from your suppliers? To expand the value you bring to your organization?
These are the big questions facing procurement leaders right now, and ones we set out to answer. That’s why SAP, in collaboration with Oxford Economics, surveyed 1,000 global procurement and supply chain executives to understand how they are driving agility and resilience in their organizations.
The results are in, with the data synthesized across five key research reports.
It’s time to explore the findings and learn how you, too, can be ready for whatever comes next.
Agile Procurement Insights Research by SAP
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Digital Transformation:
Procurement-powered performance
Discover how procurement digital transformation is driving greater compliance, accurate transactions accuracy, and better supplier collaboration.
What’s in the report
- 01 The call for readiness How prepared are procurement leaders to navigate this dynamic business environment? The answer might surprise you.
- 02 Procurement technologies Companies must be agile and ready for the unexpected. The data makes the case for digital transformation.
- 03 The three keys to leaders’ success Discover how leaders are achieving greater benefits from procurement digital transformation.
2 in 5
executives say that most or all of their processes are manual
50%
of executives say that digital transformation of procurement is not a priority for the business
81%
of leaders say that digital transformation of their procurement function improved supplier performance management
3 Things You Can Do Now
You’ve discovered how procurement leaders are responding to the challenges they face. And you’ve seen how some are not. To respond to today’s challenges, here are three resources that can help you implement the guidance outlined in the report.
Watch a webinar
Discover how you can achieve your digitalization objectives as a procurement or supply chain decision-maker.
Watch now
Transform procurement with SAP solutions
Explore how you can achieve procurement digital transformation.
See solution overview
Read a customer story
Learn how procurement transformation delivered business value, continuity, and resilience at Lloyds Banking Group plc.
Explore how -
Supplier Risk:
Getting closer to see further
Learn how advanced analytics are helping procurement leaders use third-party data to predict and manage supplier risk and make better decisions faster.
What’s in the report
- 01 Challenges in supplier risk management How organizations are managing risk, the challenges they face, and where they need to improve.
- 02 “Just in case” supply chains What got you here won’t get you there. Learn how leaders are rethinking their supplier risk strategies, anticipating risk, and preparing to overcome disruption.
- 03 On the road to better risk management Seven steps you can take to start managing supplier risk more effectively.
Only
1/3
of executives say their supplier risk management is highly effective
Only
50%
of executives can quickly find alternative sources of supply
Just
48%
of executives say they have near-real-time or real-time visibility into inventory levels in company facilities
3 Things You Can Do Now
You’ve discovered how procurement leaders are responding to the challenges they face. And you’ve seen how some are not. To respond to today’s challenges, here are three resources that can help you implement the guidance outlined in the report.
Watch a webinar
SAP and Deloitte share insights that you can use to navigate current events and prepare for what comes next.
Watch now
Hear from a customer
Learn how Deutsche Bahn used SAP to make procurement easy, accessible, and cost-effective wherever they’re doing business.
Explore how -
Direct Spend:
Close collaboration that goes beyond transactions
Find out how leading direct spend executives collaborate more effectively with essential suppliers, avoiding shortages and improving performance.
What’s in the report
- 01 The lay of the land Explore the challenges facing direct spend today and how leaders are overcoming those hurdles to drive competitive advantage in this economic environment.
- 02 Three best practices Three key actions direct spend leaders take to drive better business outcomes.
- 03 Raise your game Six steps you can take to raise your game when it comes to managing direct spend.
1 in 3
executives still use phone, email and spreadsheets as their main means of collaborating with external partners on key supply chain processes
57%
of executives report poor visibility into inventory levels managed by direct spend suppliers
Only
26%
of executives say their collaboration with suppliers is highly effective to fix shortages and overages
3 Things You Can Do Now
You’ve discovered how procurement leaders are responding to the challenges they face. And you’ve seen how some are not. To respond to today’s challenges, here are three resources that can help you implement the guidance outlined in the report.
Attend a webinar
Discover how leading organizations are using SAP solutions for direct spend to overcome disruption today and in the future.
Sign me up
Synchronize collaboration with SAP solutions
Learn how SAP solutions can help you synchronize planning and execution across the extended supply chain.
Learn about supply chain collaboration
Read a customer story
Learn how Velux Group automated 64% of its 20,000 monthly order lines and drove an integrated and enhanced supplier collaboration process with SAP solutions.
Explore how -
External Workforce:
Agility isn’t always on the payroll
The external workforce gives companies agility and better resiliency. Find out how full visibility of this huge spend category will help you deliver better outcomes.
What’s in the report
- 01 The huge spend category that needs to be on your radar Only 58% of workforce spend is on employees. Discover who comprises the other 42% and why you should be paying attention.
- 02 The external workforce is essential for resiliency and agility Learn how the external workforce helps organizations realize business goals such as managing costs, boosting agility, and reducing risk.
- 03 Three key actions to take right now Discover how you can manage your external workforce to drive better business outcomes.
42%
of workforce spend is on external workforce
73%
of executives say external workforce is important to operating at full capacity and meeting market demands
Just
48%
of executives say they have near-real-time or real-time visibility into inventory levels in company facilities
3 Things You Can Do Now
You’ve discovered how procurement leaders are responding to the challenges they face. And you’ve seen how some are not. To respond to today’s challenges, here are three resources that can help you implement the guidance outlined in the report.
Watch a webinar
Gain the insights you need to set a successful path forward for your flexible workforce management strategy.
Sign me up
Optimize external talent with SAP solutions
Discover how SAP solutions can help you gain end-to-end visibility and control over every aspect of your flexible labor.
Learn more
Hear from a customer
Learn how Swisscom’s external workforce management program delivers strong business outcomes and €3.5 million in savings.
Explore how -
Procurement Leaders:
Leaders aim higher
A small group of executives in our research outperforms the rest. Discover how these leaders are elevating the strategic value of procurement to the business.
What’s in the report
- 01 What makes a leader? We identified a group of leaders — about 10% of executives — who stand head and shoulders above the rest. Discover who they are and how they are lighting the way.
- 02 How the leaders compare Discover the four key actions that drive leaders’ success in procurement digital transformation.
- 03 Boost your impact What can we learn from the leaders? And how can you, as a procurement executive, drive more value in your organization?
90%
of leaders have invested in supplier management technology
99%
of leaders use machine learning and AI to analyze data for decision making
70%
of leaders are able to gain a clear view of overall spend in real-time vs just 17% of others
3 Things You Can Do Now
You’ve discovered how procurement leaders are responding to the challenges they face. And you’ve seen how some are not. To respond to today’s challenges, here are three resources that can help you implement the guidance outlined in the report.
Watch a webinar
Discover how procurement and supply chain decision-makers can achieve their digitalization objectives.
Watch now
Strengthen collaboration with SAP solutions
Explore how SAP solutions can help you strengthen collaboration inside and outside the organization.
Learn more
Hear from a customer
Learn how NTT DATA was able to manage 99% of its spend and realize $100 million in value with SAP solutions.
Explore how
