PROCUREMENT
“ With the aid of automation technologies , organisations can identify business needs and predict market demand in real-time to improve the bottom line ”
ASHISH DESHPANDE CEO AND FOUNDER , FREVVO INC .
traces of procurement in ancient Egyptian society . There wasn ’ t a named system as such , but if you look at the history of the pyramids , archaeologists and historians have found that the Egyptians used scribes to manage the supply for these gargantuan building projects . Apparently , scribes played an almost secretarial role back then and recorded the volume of materials and human resources needed on papyrus , then made orders . They would then track those orders through to completion — the very first recorded procurement profession .
Essentially , if the scribes weren ’ t working hard to ensure the right level of supplies and workers , the pyramids as we know them today may not have ever made it to fruition . You can apply this narrative to just about every ancient civilisation with magnificent building feats and structures — Byzantium , Greece , and Rome , for example .
History lesson aside … Whichever way you look at business , it ’ s safe to say that a company ' s success is defined by the quality of its procurement practices . Sure , there are other aspects , but without a solid method of sourcing the goods and services necessary , a modern company will not reach it ’ s potential . For this very reason , leading organisations have started to double-down on their investment in procurement practices — at a time when
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