What is Digital Procurement Transformation ?

Digital Procurement Transformation

Procurement Transformation has the potential to take a quantum jump, creating new business models and becoming a primary strategic asset impacting the corporation’s overall competitiveness and performance. By embracing and leading digital transformation within its own function, procurement has great potential as an innovation catalyst and driver of market leadership for the enterprise as a whole.

A radical approach to procurement process engineering that seeks to harness the full transformative power of digital technologies to drive true step changes in outcomes.

Digital procurement transformation encompassing strategy, managed services, and software helps enterprises rapidly build the infrastructure required to power a high-performance digital procurement organization.

Digital Transformation delivers enhanced control and efficiency across all source-to-pay activities, Real-time visibility into category and supplier performance, Proactive monitoring and mitigation of supply chain risks, Greater procurement agility, and higher internal stakeholder satisfaction.