A new chemistry for reaching profitability and growth in the chemical industry
Innovation in the Vendor Management space has led many businesses to see tapping third-party software solutions as a means to realize today’s dominant management update: digital transformation. While it is true that acquiring the latest tools will help digitize, automate, and optimize procurement processes, the assumption that vendors can do it all for you is wrong – very wrong.
So how can Procurement succeed with a successful digital transformation?
CEOs and Boards of Directors across the globe are struggling to understand how digitalization, the process of becoming a digital business, can be leveraged to achieve the growth they are seeking. However many of these same leaders are focusing primarily on operational efficiency and wonder why they are not seeing the growth results they desire. European business leaders must understand that expanding and diversifying their business model portfolio plays a significant role in realizing growth. In this report, we explain how to deliver on ambitious growth goals by business model innovation and how to move towards the new value-creative asset-light with a blended business model.