Maintaining a robust supply chain is crucial for organizations to withstand changing demands and external disruptions. A 2023 report finds that 60% of businesses have experienced up to 15% revenue loss, whereas a Gartner study strongly assumes that 95% of companies will continue to grapple with supply chain challenges. Multiple factors determine the resilience of an organization’s value chain, and procurement is one of
Data lies at the core of digital transformation. Yet 91% of respondents in a survey reported that poor data quality affects their operations. Another 2023 Adobe Acrobat survey posits that 48% of people experience struggle to retrieve information from relevant documents. It leads to challenges like error-prone manual data entry, arduous document review, poor scalability, among others. Read on to learn about the challenges
