TECHNOLOGY
procurement is “ truly digital ”.
“ We published the report to help cut through industry buzzwords to help businesses understand how next-generation capabilities can transform their procurement organisations ,” she explains .
“ Businesses are not standing still . They are transforming in unsuspecting ways by selling new and different products and services and delighting their existing client base while creating relationships with entirely new markets and new buyers .
“ Procurement is a fertile ground for growth in the digital age – but not in its current form . By digitising procurement and operational capabilities and enabling new digital business models , any company is capable of cutting new ground and making the wise pivots necessary to ultimately become a fully digital business .
“ The benefits of digital procurement are clear . Firstly , digital improves the buying experience . Through digital , procurement organisations can create an intuitive buying experience for employees , increasing control and ensuring corporate spend is going to preferred suppliers .
“ Secondly , digital procurement enables a data-centric approach to procurement . By looking beyond basic data , such as what was purchased and at what price , and seeking data from outside the organisation , procurement gains contextual insight into buying processes which can improve future decision-making . Procurement teams able to collect data in this way can also use it as fuel for emerging technologies such as AI , natural language processing , analytics and bots .
“ To help customers transform to digital procurement , Accenture has
“ We published the report to help cut through industry buzzwords to help businesses understand how next-generation capabilities can transform their procurement organisations ”
– KRISTIN RUEHLE Global Procurement Business Process Services Lead , Accenture
30 January 2018