Over the next 10 years, companies will face more opportunities and disruption than ever before. Digital Transformation will accelerate as powerful Technologies like Low Code mature. Given that up to 65 percent of the value of a company’s products or services is derived from its suppliers, procurement will play a leading role in enabling this transformation.
Procurement Organizations will improve their process by creating a holistic view on all aspects of the Purchasing Process. New capabilities will emerge and the best way to embrace them quick is by using a platform that has Low Code capabilities. Rapid changing circumstances such as a COVID-19 pandemic call for a Buying Solution that is easy to align with the demand for changing Buying Processes. Procurement will transform the work it does and the value it brings to an organization by being able to quickly adapting to change.