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Next-Generation Procurement in 2023 & Beyond: CPOs’ Path to Success
In the last few years, every chief procurement officer (CPO) in the Middle East & Africa (MEA) region has been tested by diverse problems, priorities, and issues. The crises of the past few years have made it necessary for the procurement leaders to focus on transforming their procurement function into a resilient and agile function. Visionary CPOs are building flexible and resilient supply chains by leveraging digitalization, tech-driven innovation, and integrating operating models based on data-driven insights. Driving agility to help achieve healthy performance even in the times of significant disruption is a key value driver for CPOs.
From cognitive procurement solutions enabling better decision-making, and artificial intelligence (AI), machine learning (ML), and robotic process automation (RPA) automating mundane, repetitive tasks, Next-Generation Procurement technologies will drive major changes in how organizations operate and procure in 2023 and beyond. By embracing digital transformation, CPOs can streamline operations, improve process efficiencies, and derive greater value from their investments in next-generation procurement technologies. It is time for procurement leaders to focus on procurement digitalization, driving strategic supplier relationship management, effective risk management, and developing in-house skills and competency to establish procurement as a sustainable profit driver.
Join this webinar to gain practitioner insights into what procurement trends would look like for Middle East & Africa (MEA) region in 2023 and what people, process, and technology aspects should be part of the CPO agenda to succeed with Next-Generation Procurement.