In a recent survey across multiple industries organisations stated the following as their priorities to focus on. Interesting focus on #automation and process #streamlining.

As businesses fight the constant challenge of inflation processes such as #RPA can provide significant ROI and enhanced accuracy to processes such as Supplier onboarding, Accounts Payable, Master Data Management & tactical Procurement. Digitalisation of the Supply Chain by utilising technology such as #Blockchain will provide enhanced streamlining and robustness in the supply chain that traditional processes simply cannot achieve

#procurement #technology #supplychain #datamanagement

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Recent research identified that pre Covid-19 pandemic those organisations who adopted technology to their Procurement & Supply chain function grew 2x faster than those who failed to embrace. Post pandemic this is now thought to be 5x.

With a focus on building resilience, transparency and security in their supply chains and reducing operational costs through automation digital transformation has become a focus.

With CPOs now required to not just focus on savings but support sustainability, ESG and breakdown data silos then this can only be achieved by the appropriate adoption of supporting technology. Failing to do this will only see end-to-end vision, adoption and support of ESG fail.

#procurement #technology #supplychain #automation #data #security #digitaltransformation

www.TheVisionChain.com

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