2024 Procurement Agenda and Key Issues Study Results

This document is a report detailing the findings of The Hackett Group’s 2024 Procurement Agenda and Key Issues Study. It encompasses insights gathered from procurement leaders across midsized and large enterprises regarding their strategic priorities for the upcoming year. The study identifies key areas of focus that are expected to shape the procurement landscape in 2024, including business trends, objectives, and transformation plans. The report emphasizes the expected increase in procurement workloads and the modest growth in staffing and budgets, as well as highlights the top procurement priorities such as cost reduction and supply continuity. The document also addresses the anticipated technology adoption trends and the challenges related to generative artificial intelligence. Additionally, it provides a profile of the respondents to give context to the findings, outlining their organizational roles and company sizes. The insights aim to help organizations navigate the evolving procurement environment effectively.