The above is not the ProcureTech transformation road you want to be on
EQUATION-BASED
While specific research on ProcureTech initiatives is limited, insights from broader digital transformation studies can be applied:
Harvard Business Review (HBR): Approximately 70% of digital transformation initiatives fail, with communication breakdowns being a primary cause.
McKinsey: Nearly 30% of procurement digitalization efforts fail to achieve expected ROI, partly due to stakeholder misalignment and insufficient collaboration.
Gartner: Around 50% of enterprise software implementations underperform due to poor user collaboration during the planning and implementation phases.
Remove The Blindfold
AGENT-BASED
When excellent communication and collaboration exist between stakeholders, ProcureTech implementations have a significantly higher success rate. Industry insights suggest success rates can exceed 80–90%, compared to a 50–60% baseline for digital transformation projects where these factors are less effectively managed.
Using an Agent-Based model minimizes the change management impact considerably:
Procurement Insights
How Clear is your road to ProcureTech success?
Posted on November 22, 2024
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The above is not the ProcureTech transformation road you want to be on
EQUATION-BASED
While specific research on ProcureTech initiatives is limited, insights from broader digital transformation studies can be applied:
Remove The Blindfold
AGENT-BASED
When excellent communication and collaboration exist between stakeholders, ProcureTech implementations have a significantly higher success rate. Industry insights suggest success rates can exceed 80–90%, compared to a 50–60% baseline for digital transformation projects where these factors are less effectively managed.
Using an Agent-Based model minimizes the change management impact considerably:
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