The events of 2020 led to important introspections within enterprises concerning likely disruptions on supply chain and procurement and its consequent impact on the business. According to Gartner, “At the start of 2020, most boards’ priorities were focused on growth in some way, shape, or form. But as the pandemic tightened its grip on the global economy, priorities quickly shifted toward cost savings and continuity.”[1] Therefore sourcing and procurement functions are of increasing importance to enterprises to bring down costs and improve governance. Furthermore, digital technologies in procurement are fueling significant reductions in cost coupled with improved supplier engagement.