“We have the opportunity to do more, to shape the role of the procurement, shape the expectations that the C-suite has of procurement, define what procurement can do, and link that to the other capabilities that procurement has. That’s what a good procurement roadmap should do.” - Len Prokopets, Managing Director, Procurement and Outsourcing Advisory at KPMG
Procurement has experienced unprecedented change and disruption in the past several years. Procurement operating models and priorities continue to evolve as new trends take hold, including economic turmoil, ESG, supply disruptions, shifting workforce dynamics, new regulatory requirements, and technology innovations such as generative AI.
Procurement must navigate these changes to help the broader organization adapt, innovate, and deliver.
To help their clients understand this changing environment and benchmark their strategies and investment priorities, KPMG recently conducted a survey of 400 global procurement leaders. The study captured insights on procurement’s current challenges, goals, and priorities as well as the path forward.
In this episode, based on an AOP Live session, Dipan Karumsi, Principal and Leader of Procurement and Outsourcing Advisory at KPMG, and Len Prokopets, Managing Director, Procurement and Outsourcing Advisory, discuss key market insights from the survey with Philip Ideson and Kelly Barner.
Their guidance for forward-looking procurement leaders includes:
Links:
702: Meeting Supply Chain Volatility with Agility and Resilience w/ Frank McKay
701: Procurement 6 | May 31st, 2024
700: From Practitioner to Entrepreneur: Mark Holyoake Interviews AOP Founder Philip Ideson
699: Procurement 6 | May 24th, 2024
698: Optimizing Procurement’s Source-to-Pay Strategy w/ Baber Farooq
697: Procurement 6 | May 17th, 2024
696: Dear Supplier… The Art of Giving RFP Response Feedback
695: Procurement 6 | May 10th, 2024
694: Removing the Internal Tension Between Cost and Sustainability w/ Alex Jennings
693: Procurement 6 | May 3rd, 2024
692: Fortune 500 Playbook: Procurement Leaders' Secrets to Orchestration Excellence w/ Elisabeth Schlag-Lawrence, Chris Vessey, Shachi Rai Gupta, and Lance Younger
691: Procurement 6 | April 26th, 2024
690: Overcoming Procurement's Fear of AI w/ Darshan Deshmukh
689: Procurement 6 | April 19th, 2024
688: Identifying Ambassadors for Procurement Transformation w/ Salvador Serra de Paz
687: Procurement 6 | April 12th, 2024
686: 5 Things Procurement Should Consider When Evaluating AI w/ Heather Murray
685: Procurement 6 | April 5th, 2024
684: The Procurement Job Market is Looking Up w/ Mark Holyoake
683: Procurement 6 | March 29th, 2024
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