The transformation of the procurement and supply chain market through digital technology has a key role to play in terms of generating value and driving the competitiveness of companies by enabling innovation across processes and business models.
This is what has been revealed by a survey conducted by IFABER, a UniCredit group company that provides solutions for the procurement and supply chain sector, the results of which were presented at the PEC (Procurement Executive Circle 2015). The company recorded a turnover of €15.5 million in 2014, a growth of 5% over the previous year.
"At IFABER,” commented Ludovica Lardera, IFABER CEO, “we are dedicated to driving the evolution of this strategic sector, thanks to our ability to offer innovative solutions to our clients, but above all by establishing ourselves as a key partner for companies, offering value-added services developed through our deep knowledge of the real needs of buyers and sellers."
According to Lardera, the digitalization of procurement processes is set to assume an increasingly important role in the competitiveness of Italian companies, marking the evolution of a strategic function for businesses.
During her speech at the PEC 2015 event, Lardera took her cue from the preliminary results of a new study on the trends of the market conducted on 50 Italian companies operating in different sectors. She revealed how Italian purchasing departments are aware of the importance of the process of supply chain digitalization - indeed, so much so that this is cited as being among the main priorities for the procurement and supply chain sector for the coming years, along with the optimization of working capital and the development of relationships with suppliers.
This awareness, however, only corresponds with a limited degree of digital evolution within purchasing divisions, and indeed, only 15% of Chief Procurement Officers (CPO) have a full set of the latest IT tools at their disposal. Furthermore, 90% of companies surveyed by IFABER declared low levels of integration between business management and purchasing tools. Accordingly, the potential of the stock of information gained by purchasing divisions through big data, analytics and real-time information remains largely unexploited, despite the fact that this could help to create additional value for companies. Incorporating innovation into Italian purchasing divisions is crucial for the future, particularly in light of the increasingly direct role that these business functions play in generating value (according to 41% of respondents) and in achieving business objectives. Indeed, 56% of CPOs are entrusted with strategic internal objectives (for example, ensuring adequate levels of service, supporting expansion into new geographical areas, and providing product innovation support). Find out more
Impresacity | IFABER, introducing innovation into procurement and the supply chain
“At IFABER, we are dedicated to driving the evolution of this strategic sector, thanks to our ability to offer innovative solutions to our clients, but above all by establishing ourselves as a key partner for companies, offering value-added services developed through our deep knowledge of the real needs of buyers and sellers."