The text emphasizes the urgent need for Chief Procurement Officers (CPOs) to digitize procurement processes, highlighting the pandemic's exposure of supply chain vulnerabilities. It points out the technology deficit in many procurement functions, which lack visibility and efficiency, making risk mitigation and strategic initiatives difficult. The text suggests five critical questions for CPOs to assess their organization's readiness for change, highlighting issues like over-reliance on few suppliers, manual processes, and low adoption of new technologies. It advocates for digital solutions like SAP Ariba to enhance visibility, efficiency, and risk management, urging organizations to embrace change for better procurement agility and resilience.

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