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Exploring the Role of Technology in Procurement’s Strategic Transformation

A look into the development of procurement and the influence of technological advancements on the organizational structure

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[ProcureCon Report]

About Lionbridge

Lionbridge enables more than 800 world-leading brands to increase international market share, speed adoption of products and effectively engage their customers in local markets worldwide.

Using our innovative cloud technology platforms and our global crowd of more than 100,000 professional cloud workers, we provide translation, online marketing, global content management and application testing solutions that ensure global brand consistency, local relevancy and technical usability across all touch points of the customer lifecycle.

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  • Change in the role of procurement
  • Importance of value creation
  • Center led organizational structure

 

Topics covered in this report:

Key Findings

Re-defining centralization of procurement

A Procurement Center of Excellence now serves as a strategic command center for value optimization

Increased use of technology

Greater use of automation, and analytics allow more focus on strategy

Focus on value creation

Procurement is now collaborating with sourcing to increase value creation