Can procurement go digital?

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Covid-19 accelerated the need for digital tools and people who know how to use them. End-to-end solutions can bring clarity and visibility but experts are worried procurement professionals might not be up to the task.

Industry leaders now understand they need real-time data and automated processes to make sure you have quick decision making that is driven by accurate data and actional insights. This will enable procurement people to focus on the quality of the relationships, and realising value as well as optimising costs.

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Procurement has to be a key enabler for digitising the whole supply chain. End-to-end platforms are no longer dedicated to procurement but act as a bridge between it, finance and supply chain. Digitising procurement operations will become a tool that is cross used by other functions. The new trend will be to embrace an end-to-end approach where you can bring other stakeholders and deliver a more comprehensive value.

What technologies will reshape procurement in 2021 and beyond? Can procurement leaders transform their organisations and why is it important for procurement to be more compassionate? ‘Sustainable Procurement Beyond Covid-19’ Whitepaper by The Logistics Point and leading procurement organisations gives answers to these and many more questions.

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