Procurement in the near future

At workplaces where one can bring their devices to work and have the freedom to work at their own pace have better outcomes? Is technology playing the role of an enabler or has technology been limited by the time taken and efforts put for its implementation? These are some of the pertinent questions driving the scope of technology and procurement. Presently, procurement teams have been able to derive profits through a combination of technology and people. But will that continue in the future?

Through cloud-based applications
Cloud computing is bringing a major shift in business environments and transforming several aspects of strategic sourcing and procurement. Procurement teams or individuals within the team see new technologies as extremely beneficial to businesses which can help it control costs while increasing their methods of savings.
In fact, more than procurement teams, it is the individual who is connected to the supplier through well-networked resources. If the focus is on procurement individuals, businesses have a lot to gain.

Just like there is a compelling change in terms of our work environments which has become more innovative, flexible and free, there is a change in terms of our technologies that are continuously evolving without structured barriers.

Technology that challenges
Using their own technologies in an independent workplace and through personalised communications, individuals are able to drive innovative ideas in a business environment.

In a befitting way, technology will enable the procurement professionals who use them to break the barriers that have been the albatrosses around the neck of business which includes its systematic processes that have been taking too longer a time. Procurement leaders in the near future would focus on solutions that simplify key processes, are easier to collect and those which can be optimally used to improve decision making capacity of the business leaders.

HASHTAGS
#supplychain #procurement #SCMtrends #automation #businesstransformation #efficiency #bestpractice #digitization #outsourcing

Author – Aval Sethi, Founder

Aval Sethi is the founder & CEO of ProTaiga and is based in New Delhi, India. As a result driven entrepreneur, Aval leads Business Transformation and Procurement Automation initiatives focusing on new-age innovation for businesses through his company.

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