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Consumer Products: The Imperative for Procurement Digital Transformation

Consumer goods companies have been managing a shifting environment with more empowered and demanding customers—driving them to innovate and bring new products to market faster, as well as contending with new market entrants. All while trying to contain costs and increase revenues. Disruption is inevitable, and can create chaos in consumer products companies’ fragile supply chains. It’s imperative to prepare for and manage disruption, to mitigate delays and shortages, and meet the demand in both their retail and direct-to-consumer businesses. Not only does Procurement play a vital role in managing a company’s suppliers and the security of supply, it’s also key in helping organizations achieve their strategic sustainability objectives. Customers are placing increasing importance on the values, ethics and practices of businesses they buy from. More and more, they want transparency into how products are made and sourced. To understand Procurement’s readiness to support their organizations, SAP collaborated with Oxford Economics on research into procurement digital transformation and supplier collaboration. Download the Document

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