Future of procurement is more collaboration, technology and data

Procurement is increasingly viewed as a strategic resource and key driver of business value, according to research.

The Future of Procurement, a survey and series of reports from Oxford Economics conducted with support from Ariba, surveyed 1,000 procurement executives and practitioners globally.

It uncovered three major trends of increasing collaboration, use of technology and data. In the survey, 63 per cent of the practitioners said procurement was more tightly aligned with other parts of the business, while 51 per cent of executives said the function was working more closely with suppliers.

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Last modified onWednesday, 26 August 2015 01:18