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10/11/2024

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).

H&Z

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.

 

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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.

 

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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. 

 

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Optimising Supplier Relationships

While SRM holds promise for strategic gains, implementation is limited by issues like inadequate tools, stakeholder alignment, and inconsistent KPIs.

 

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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

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