PROCUREMENT
PROCUREMENT ’ S
21 ST CENTURY EVOLUTION
The modern digitalisation of procurement practices will enable sourcing professionals to deliver more than just cost-savings and goods on time
WRITTEN BY : OLIVER JAMES FREEMAN FRSA
As we head into the ’ 20s , like the organisations that they support , procurement departments and teams face unprecedented levels of disruption . The past decade has seen an abundance of innovation on the technological side of life , and we ’ ve watched procurement transition from a process of filing towers of paperwork , reading telephone directories , and making sales calls to click-of-a-button purchases on wholly-centralised , third-party systems that act as an all-in-one solution for companies ’ procurement and sourcing needs .
Last year alone saw a myriad of companies falter and fold under the pressure of a new status quo , forced upon them by increasingly stringent governmental regulations in light of COVID-19 ’ s reckoning . So today , we ’ re going to explore the future of procurement at the core of thriving business models .
Procurement at the Core Supply chain practices , and more importantly , procurement , are imperative to success today . In fact , you can look back as far as 3,000 BCE and find the first
30 April 2021