Let ’ s get this out of the way now : you CAN ’ T do it all yourself . In fact , trying to do so can be detrimental to both your role and the business . Instead , outsource in order to clear nonstrategic , more traditional work off your desk and free your time to dedicate yourself to high-value , strategic decisions . Accenture found that by simply getting rid of jobs like invoicing , catalogue management task and spend analytics , procurement masters saved as much as 40 % capacity for their procurement team , in turn bringing efficiencies and growth .

Understanding and leveraging the capabilities of advanced digital technologies is , according to Accenture , a fundamental aspect of procurement success . Consider converting core procurement tasks to As-A-Service models or digital technologies – telematics , for example , can manage things like mileage reimbursement , thus enabling enhanced , data-driven decision making . Simply put , correctly harnessing digital tech can transform the way in which procurement organisations operate by working at lower costs and driving considerable strategic value .

54 April 2018