Procurement Data – The Industry's Hidden Champion?

Global competitive dynamics, rising cost pressures, and ambitious digitalization goals are posing major challenges for procurement and supply chain teams. The key to well-informed decisions often lies hidden – in the data. But what role do data really play in digitalization projects within procurement, and why might they be the most crucial success factor? In the following, we explore why data are considered the “hidden champion” of industry – and highlight the risks that arise from inaccurate or incomplete information.