In 10 years, your day-to-day job in procurement might be radically different. Compelled—and enabled–by the digital transformation of business, you might be spending much less time on administrative tasks and be able to focus on more strategic internal and external collaboration. You might be part of a smaller team performing only core functions. Or, if your title is Chief Procurement Officer, you might have been the driving force behind expanding your procurement organization’s size and increasing its strategic scope.
The art of future-gazing is in part a matter of setting a vision, and in part a matter of realistic observation. In 2010, Ariba, an SAP company, asked a group of procurement executives and thought leaders to set the vision. The resulting Vision2020 report was a landmark piece of bold ideas about where the function was headed in terms of organizational structure, supplier collaboration, and the rising importance of data.
Come 2015, it was time to take that vision and make some quantitative observations
Enter The Future of Procurement, an Oxford Economics study. Over 1,000 CPOs, VPS, directors, category managers, sourcing managers, buyers, and other procurement professionals from around the world participated in the survey—a mighty feat of collective future-gazing. And now it’s your turn. Have a look at the infographic below for a high-level view of the research. And leave a comment to let us know what do you think procurement will look like 10 years from now…what do you want it to look like…and what are you doing to make it happen?