Procurement transformation refers to the strategic and comprehensive process of reevaluating and redesigning an organization's procurement function to achieve significant improvements in efficiency, effectiveness, and value delivery. It involves rethinking procurement strategies, processes, technologies, and organizational structures to align with business goals and industry best practices.

Procurement transformation aims to optimize sourcing, supplier management, contract management, and procurement operations by leveraging innovative approaches, digital technologies, data analytics, and automation. By undergoing procurement transformation, organizations can enhance cost savings, mitigate risks, foster supplier collaboration, drive innovation, and achieve sustainable competitive advantages in their procurement operations.