Commercial procurement and supply are essential components of any successful business. In order to thrive in this competitive landscape, it is important to understand the key factors that can make or break your procurement and supply chain operations. Let's take a closer look at some important statistics that can help you improve your commercial procurement and supply strategies:
Statistic | Importance |
---|---|
80% | Percentage of businesses that believe digital transformation is crucial for procurement success |
$1.5 trillion | Global procurement spend in 2020 |
30% | Reduction in procurement costs achievable through automation |
65% | Percentage of businesses that have a digital procurement strategy in place |
As you can see from the statistics above, digital transformation plays a crucial role in the success of procurement and supply chain operations. Businesses that embrace automation and digital technologies are able to reduce costs, improve efficiency, and stay ahead of the competition.
Based on the statistics provided, here are some key strategies to help you thrive in commercial procurement and supply:
By implementing these strategies and staying ahead of the curve in terms of digital transformation, you can position your business for success in commercial procurement and supply. Remember, the key to thriving in this competitive landscape is to adapt, innovate, and continuously improve your procurement and supply chain operations.