AT Kearney ’ s report found that leaders “ do not rest on their laurels ” and are at least two times more likely to invest in areas such as :
share , your working capital , and so on .”
Whereas in some industry sectors , the secret to success can be a challenging puzzle to solve , AT Kearney ’ s study found that the leading companies shared a number of common synergies : building and managing high-performance teams ; managing categories ; and managing suppliers .
Hales continues : “ We found that three-quarters of the leaders were able to move 70 % of their employees that were in the procurement group from transactional to strategic activities . Most of the typically position 30 % of their procurement team on strategic and 70 % still stuck in transactional and tactical activities . That ’ s a really important benchmark for companies to aspire to .”
The report found that the leading lights have embraced digital technology to automate away some of the labour intensive transactional activities , freeing up their best procurement experts to work on strategy and work towards integrating emerging technology into their day-to-day operations .
Hales reveals : “ We made an effort this time to identify a range of hot topics or emerging investment areas
AT Kearney ’ s report found that leaders “ do not rest on their laurels ” and are at least two times more likely to invest in areas such as :
• Positioning procurement as a strategic partner
• Transforming procurement by leveraging digital technologies , such as blockchain , machine learning and automation #
• Attracting and retaining high-performance talent
• Improving risk management capabilities
• Driving innovation with suppliers
• Measuring procurement ’ s contribution to the business
• Reducing structural total cost of ownership
for companies that would try to understand whether companies were going to do anything about block chain , and if they were what level of resourcing were they going to put against it . So again , we were able to show that the leaders were like two or three times more likely to be investing
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