Build a resilient global footprint
through redundancy and regular risk assessments, increasing reshoring/nearshoring, and reducing sole sourcing, with enhanced supply chain transparency and flexible supplier relationships.
Future of procurement
Know how to calibrate the right blend of strategic decision-making and automated support processes
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Procurement and Outsourcing Advisory Services
Numerous forces are converging to deeply influence the future trajectory of procurement. Faced with uncertainty over their pace and impact, procurement teams should brace themselves for a myriad of potential scenarios.
In this report we examine how these forces may affect procurement teams and discuss how procurement leaders can respond鈥攁nd the capabilities they will need to thrive. Our insights are augmented by findings from the聽乐鱼（Leyu）体育官网 2023 Global Procurement Survey聽of 400 senior procurement professionals from a range of industries.
Procurement leaders have a real opportunity to recast their functions as strategic influencers, enabled by generative AI and automation, to drive high-performing, sustainable purchasing activity.
77 %
of procurement executives say risk of supply disruption is a critical external challenge.
12-18 months
Predictive analytics and generative AI are the top two technologies likely to have the biggest impact on procurement functions over next 12-18 months.
66 %
of procurement executives say increased regulatory and ESG demands are heavily influencing strategic sourcing in the next 3鈥�5 years.*
Five strategic imperatives to address signals and seize emerging opportunities
Embed big data and generative AI to accelerate automation
dramatically speeding up data processing and analysis, generating insights that drive innovation and enhance productivity and decision-making.
Reaffirm commitment to sustainability and ESG
building a roadmap to guide investment in a transparent, sustainable supply chain and comply with ESG regulations.
Drive continuous performance improvement, harnessing data and analytics
to optimize costs, service levels, and working capital, and rethink category strategies, enforcing vendor contracts and reviewing contract pricing formulas.
Build, train and retain tomorrow鈥檚 workforce
by offering strategic roles with accelerated advancement opportunities, investing in in supplier relationship management and TPRM skills, and automating category management.
3鈥�5 years
Procurement executives say developing ESG capabilities is their number one priority in the next 3鈥�5 years.
12鈥�18 months
Implementing data analytics is the single most important activity over the next 12鈥�18 months.
41%
of procurement executives rate their organization鈥檚 category management as 鈥渉ighly mature".*
Dive into our thinking:
Future of procurement
Download PDFFootnotes
* 乐鱼（Leyu）体育官网 2023 Global Procurement Survey:聽/kpmg-us/content/dam/kpmg/pdf/2023/kpmg-2023-global-procurement-survey.pdf
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Meet our team
Let 乐鱼（Leyu）体育官网 help you build a better, more predictable future with procurement and outsourcing. With our extensive industry experience, functional knowledge and technology enablers, we can help you accelerate your procurement transformation to foster long-term growth and success.
Chris McCarney
Principal, Procurement & Outsourcing Advisory Leader, 乐鱼（Leyu）体育官网 LLP (U.S.)
Len Prokopets
Advisory Managing Director, Procurement & Outsourcing Advisory, 乐鱼（Leyu）体育官网 US
Yatin Anand
Principal, Procurement and Outsourcing Advisory, 乐鱼（Leyu）体育官网 LLP (U.S.)
Chris McCarney
Principal, Procurement & Outsourcing Advisory Leader, 乐鱼（Leyu）体育官网 LLP (U.S.)
Len Prokopets
Advisory Managing Director, Procurement & Outsourcing Advisory, 乐鱼（Leyu）体育官网 US
Yatin Anand
Principal, Procurement and Outsourcing Advisory, 乐鱼（Leyu）体育官网 LLP (U.S.)