when bots do the buying: procurement at half the cost

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Strategy | Consulting | Digital | Technology | Operations


Procurement teams, saddled for years with outdated systems and capabilities, can now leverage digital as-a-service models to fast-track strategic performance.

As digital business services mature in the near term, subscribing to bot-enabled procurement can alleviate buyers’ transactional loads, freeing them for more strategic pursuits.

By integrating automation, procurement costs will decrease by 40-60%.

HAVE ARRIVEDTHE BOTS

Accenture Strategy sees the market moving to a source-to-pay, subscription-based service, coupled with business services that execute operational and transactional processes.

More expensive, on-premise technology solutions will be replaced by these digitally-powered services platforms. Removing rote tasks from the Procurement team’s plate will ratchet up radical efficiencies and growth.

DRIVINGGROWTH



A MORE COST-EFFECTIVEMODEL Value is created by saving money

AND time.

Companies can expect an IT cost reduction of 10-20% when they re-architect their IT footprint, rationalizing applications as they move to an as-a-service model.

They can achieve an additional 10-40% in savings through IT-enabled business optimization such as increased automation, self-service, and the working capital reduction implicit in an as-a-service solution.

As-a-service business models can reduce operating expenses for procurement by 40% to 50%.

Roughly half of the future procurement workforce will be devoted to supplier management and innovation creation activities versus approximately 8% today.


MORE FREEDOM

Strategic Procurement professionals will now work to drive value creation in a new model – scouting the market for suppliers that enable digital business strategies.

TO INNOVATE


Here are pragmatic steps you can take.

Segment the work to be done by:

1. Refocusing your retained Procurement organization on higher value activities.

2. Standardizing roles, policies and processes.

MOVING TO

THE PROCUREMENTAS-A-SERVICE MODEL


Become leaner and more strategic:

1. Partner with key strategic suppliers to move to growth.

2. Staff skills differently.

3. Purge operational and transactional activities.

MOVING TO



Create a buying experience that makes it easy to buy and comply:

1. Put the end-user at the center of all design decisions.

2. Rationalize your digital landscape to avoid the patchwork quilt effect.

3. Partner with as-a-service providers to ensure your technology needs are being met.

4. Move away from on-premise technology.

MOVING TO


Learn more about how a Procurement as-a-service model can improve efficiencies for your business with our full report:


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When bots do the buying: Procurement at half the cost

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when bots do the buying: procurement at half the cost

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