When it comes to assessing progress toward digital transformation of the procurement function, a lot of companies appear far less advanced than they think they are.

Anybody with a passing knowledge of the supply chain knows how important it is to a company’s success. So why haven’t some CEOs, boards and investors gotten the memo?

Business theorists have been talking up the concept of supply chain as a “competitive weapon” for so many years that if it were really happening, they’d have a well-stocked armory by now.