eProcurement software is a core foundation of digital procurement
to be digital . Next Generation Digital Procurement requires wholesale change – it can ’ t be achieved by flipping a switch . As businesses move forward , there are three key considerations to bear in mind .
“ Firstly , transformation takes time . Companies need to collect the relevant data , develop the necessary systems and processes , and build the underpinning analytics and AI to ensure they have in place a procurement operation that ’ s fit for the future .
“ Secondly , it takes real investment . Fortunately , digital procurement capabilities are increasingly available as a service , which could reduce upfront investments and accelerate transformation .
“ And finally , transformation takes vision . This is a big departure from how procurement has traditionally operated . An internal champion within the company must define what the future procurement organisation will look like and how the company can make it reality .”
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