2024 State of Procurement Report

Digital transformation, particularly through AI and data analytics, is reshaping how procurement teams operate. In fact, 64% of decision-makers see generating better insights as a top priority. Moreover, the growing importance of socially responsible purchasing (SRP) is pushing procurement teams to embrace a stronger leadership role in fostering sustainable and diverse supply chains, with 80% of organisations working towards certified supplier mandates. However, despite procurement’s expanding role, only 46% of decision-makers completely agree that the procurement function is included in top decision-making forums where organisational strategy is discussed, highlighting a clear opportunity for better alignment between procurement and business strategy.

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2024 State of Procurement Report

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