Leading Digital Procurement Business Transformation
How to successfully lead Digital Procurement Business Transformation The impact of exponential technologies is disrupting and transforming industries, making digitalization a critical agenda item for executives. However, many digitalization programs are failing to produce desired results due to high costs, slow progress, and limited outcomes. To ensure successful digital transformation, organizations must answer key questions such as what they hope to achieve and why it's important, who will drive change and receive support, how to achieve success, and what obstacles may arise. Studies show that 84% of organizations believe digital transformation will alter service delivery over the next three to five years, yet only 32% have a strategy in place. Organizations with clear and documented links between strategic objectives and business case objectives report higher business satisfaction ratings. Without a clear vision, digital transformation can lead to confusing and incompatible projects that lead the organization astray. Digitalization is not just a tool implementation, but a true business transformation.