U.K: Efficio and Cranfield University Release New Research Study Entitled, “Procurement 2025: Is Digital Transformation Driving More Effective Procurement?”

05 Dec 2018: 63% of procurement leaders have rethought their approach due to new technologies 48% are driven by ‘fear of missing out’ (FOMO) rather than a true understanding of the digital requirement 72% say lack of talent to harness the power of machines is among the biggest barriers to technology delivering the expected benefits, with 66% citing poor vendor support for implementing new technologies 64% believe strategic suppliers will play a crucial role in helping to meet procurement objectives, yet half have not formally selected those partners. At least 69% think companies must play their part in building truly strategic supplier .