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.

Key Highlights:

• 62% Positive Outlook

Respondents show cautious optimism regarding supply chain stability, reflecting the resilience of the sector.

• 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.

For an in-depth H&Z analysis of 40 GenAI first-use cases, click here 

• 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.

• Optimising Supplier Relationships

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

Conclusion:

This Pulse Check equips procurement professionals with insights and strategies to drive effective change.