Pulse Check Q3/2024: Insights and Trends in Procurement and Supply Chain
We are pleased to present the latest Pulse Check report, produced in collaboration with The Procurement Initiative. This Q3/2024 edition highlights a positive outlook for supply chain stability and examines the role of AI in procurement, the impact of geopolitical shifts, and barriers to effective Supplier Relationship Management (SRM).
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- Pulse Check Q3/2024: Insights and Trends in Procurement and Supply Chain
The Q3/2024 Pulse Check provides a comprehensive overview of the latest trends in procurement and supply chain management. Drawing on insights from over 100 industry professionals, the report highlights a positive outlook for supply chain stability, increasing adoption of AI, and growing awareness of geopolitical impacts. It also explores the challenges in Supplier Relationship Management (SRM), offering data-driven insights for procurement leaders. Download the report below to gain actionable insights from top procurement professionals.
Key Highlights
62% Positive Outlook
Respondents show cautious optimism regarding supply chain stability, reflecting the resilience of the sector.
AI’s Evolving Role
Although AI’s full impact is yet to be realised, early use cases in spend analytics, data management, and contracting are gaining traction.
Responding to Geopolitical Risks
With anticipated shifts from the new U.S. administration, geopolitical developments are an increasing consideration for procurement professionals, though only a minority are actively preparing.
Optimising Supplier Relationships
While SRM holds promise for strategic gains, implementation is limited by issues like inadequate tools, stakeholder alignment, and inconsistent KPIs.
Download your copy to stay at the forefront of procurement innovation.
This Pulse Check equips procurement professionals with insights and strategies to drive effective change.
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Richard McIntosh
