“Deloitte’s 2023 Global Chief Procurement Officer Survey reveals that procurement teams are now being called upon to address a broader range of enterprise priorities. These range from driving operational efficiency (74% of respondents) and enhancing corporate social responsibility (72%) to improving margins via cost reduction (71%). To meet these rising expectations, many procurement teams are turning to advanced analytics, AI, and machine learning (ML) to transform the way they make smart business buying decisions and create value for the organization…Thankfully the digital revolution and increasing maturity of outsourced talent models (e.g., hybrid managed services) are trending favorably and are not only offering CPOs a fighting chance but allowing them to take advantage of the circumstances. High-performing procurement organizations that are leveraging these developments more fully and effectively are elevating and automating themselves out of tactical work to build more agile, scalable, and digitally enabled procurement operations. Organizations that are proactively engaging stakeholders and suppliers to orchestrate greater value delivery and ultimately create a competitive advantage..”