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Future of procurement

Know how to calibrate the right blend of strategic decision-making and automated support processes

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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听乐鱼（Leyu）体育官网 2023 Global Procurement Survey听(PDF 3.1MB) 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.

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  • Predictive analytics and generative AI are the top two technologies likely to have the biggest impact on procurement functions over next 12-18 months.

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  • 66 % of procurement executives say increased regulatory and ESG demands are heavily influencing strategic sourcing in the next 3鈥�5 years.1

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Five strategic imperatives to address signals and seize emerging opportunities

through redundancy and regular risk assessments, increasing reshoring/nearshoring, and reducing sole sourcing, with enhanced supply chain transparency and flexible supplier relationships.

dramatically speeding up data processing and analysis, generating insights that drive innovation and enhance productivity and decision-making.

building a roadmap to guide investment in a transparent, sustainable supply chain and comply with ESG regulations.

to optimize costs, service levels, and working capital, and rethink category strategies, enforcing vendor contracts and reviewing contract pricing formulas.

by offering strategic roles with accelerated advancement opportunities, investing in in supplier relationship management and TPRM skills, and automating category management.

  • Procurement executives say developing ESG capabilities is their number one priority in the next 3鈥�5 years.

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  • Implementing data analytics is the single most important activity over the next 12鈥�18 months.

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  • 41% of procurement executives rate their organization鈥檚 category management as 鈥渉ighly mature".2


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How 乐鱼（Leyu）体育官网 can help
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乐鱼（Leyu）体育官网 Procurement professionals can develop strategies for procurement, design operating models and enable technology to drive value over time. 乐鱼（Leyu）体育官网 firms take a multidimensional approach that anticipates continuous change in technology, market conditions, and organizational priorities 鈥� to help you along each step of this transformational journey.

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Our People

Jos Joos, Head of Procurement & Supply Chain, 乐鱼（Leyu）体育官网 in Belgium
Jos Joos

Director, Management Consulting

乐鱼（Leyu）体育官网 in Belgium

1听乐鱼（Leyu）体育官网 2023 Global Procurement Survey:听/kpmg-us/content/dam/kpmg/pdf/2023/kpmg-2023-global-procurement-survey.pdf

2听 乐鱼（Leyu）体育官网 2023 Global Procurement Survey:听/kpmg-us/content/dam/kpmg/pdf/2023/kpmg-2023-global-procurement-survey.pdf听

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