KPMG Backs Digital Ecosystems in Supply Chain Procurement

KPMG explores CPOs can unlock new outcomes across risk, innovation, cost and sustainability by becoming strategic business partners (Credit: KPMG) KPMG’s report calls on procurement teams to adopt a digital ecosystem approach, blending S2P platforms with specialist tools for supply chain resilience Digital transformation is changing the way procurement works across the supply chain. In its ‘Digital Procurement’ report, KPMG urges organisations to adopt a layered approach to sourcing and procurement technology, placing source-to-pay (S2P) platforms at the core of operations and integrating specialised digital tools to enhance decision-making, supplier collaboration and supply chain resilience. KPMG’s report focuses on how data analytics, automation and cloud-based platforms are now key to streamlining procurement operations. The firm describes how procurement can move beyond its traditional back-office role and become a core part of delivering strategic value. Jon Hughes, Director and UK Sustainable Supply Chain Lead at KPMG , says the shift begins by rethinking how procurement is structured: “Today, the focus is on designing the organisation first – identifying how it needs to operate to deliver business objectives and outcomes – and then determining the strategy, pausing to consider the technology which can best serve the needs of the key processes, […]

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