Procurement Pathfinder 2024

Overview Procurement Pathfinder

FOR LATEST VERSION, PLEASE SEE: PROCUREMENT PATHFINDER 2025

2023 was Procurement’s opportunity to become the valued business partner it’s long strived to be. In reality, progress was slower than planned as dealing with the fallout from the last few years of turmoil took priority.

Looking forward, the opportunity to claim the influential seat at the helm of business strategy remains in sight as innovation and tech opens new doors to fast track success, however the key challenges remain constant. To get ahead, procurement teams can help in the following ways:

• MANAGING COST INCREASES

  Actively combat the negative effects of cost increases and stagnant economic growth by having efficient procurement processes and systems in place

• ESG COMPLIANCE

  Become the torchbearer of ESG strategies to capitalise on market opportunity, ensure goals stay on track and cement ESG into both the organisation as well as supply chains

• SUPPLY CHAIN RESILIENCE

  Effectively manage and mitigate risks in the supply chain by understanding and taking action on the data, inviting competition, and proactive collaboration with both internal and external stakeholders

• HARNESSING AI & AUTONOMOUS SOURCING

  Identify the top priorities and how you can begin to leverage the advantages of AI, including Market Dojo Sourcing’s AI-driven supplier questionnaire functionality