DIGITAL REVOLUTION

IS RESHAPING THE FUTURE OF PROCUREMENT

Procurement technology has moved on from automating repetitive tasks , to solutions that ‘ mesh ’ with humans to great strategic effect

WRITTEN BY : SEAN ASHCROFT

Being so process-led , one area of the supply chain that lends itself to digitalisation more than most is procurement . The pandemic has made this even more so .

The need to mitigate against disruption and the drive towards sustainability have made procurement more strategic in nature .

This has led organisations to automate process-heavy work such as contracts renewals and invoice processing , to allow procurement people to focus on strategic tasks around supplier relations and ESG compliance – important work that itself requires technology for it to be executed effectively .

90 November 2023