Digital Procurement
Procurement departments are under significant pressure to deliver more for less whilst providing a seamless digital experience. Digital procurement can help procurement departments to become more efficient by automating processes, increasing data quality and improving strategic decision making.
Technologies such as AI (Artificial Intelligence) and Robot Processes Automation when deployed correctly can significantly help procurement departments increase the value they generate. The procurement technology market has recently seen significant growth in very process specific tools. Organisations are left to decide which processes they should digitalise using the right technology and partner. Unfortunately, very few procurement departments get this correct, which leads to poor system utilisation and a low benefits realisation.
Todays Key Challenges
01
Developing a digital procurement strategy
Many organisations lack a holistic strategy when it comes to digital procurement. It is important to understand the maturity of the function, the current systems landscape and the procurement departments vision for the future. Clear opportunities should be identified where deploying digital procurement will create the greatest value for the procurement department and organisation
02
Selecting the right technology partner
With so many suppliers to choose from in the market it can be easy to make the wrong choice. Selecting the right suppliers is critical to successfully embedding a digital procurement strategy. It is important to understanding their technology roadmap, current and future functionality as well as their approach to customer service.
03
Embedding technology to realise the benefits
Putting a strategy together and selecting the right tools is only the beginning. Without an effective change management approach during implementation user adoption levels will be impacted and the full benefits of your digital procurement strategy will not come to fruition.
How we can help
Our approach is to first understand your current operating model, vision and systems landscape to assess where the opportunities are for deploying a digital procurement strategy for the procurement department and organisation.
We will develop a digital procurement strategy which will include a roadmap defining what processes should be digitalised and in what order. Following this we can help with selecting the right procurement technology supplier and support their successful implementation.
