Why Procurement Needs a Digital Strategy

Procurement departments must acknowledge the importance of the digital revolution, understand why you need a digital strategy and discover how to start the process of creating one for your department.

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Digital solutions can help accomplish goals like cost savings and avoidance, time savings, stronger stakeholder relationships, better supplier management and improved contracts.

But to maximize these advantages, procurement needs a digital vision and strategy that is action-oriented, flexible and able to be scaled up to accommodate new technologies. The strategy should focus on engagement and experience for users, stakeholders and suppliers. ProcurementIQ and Bertrand Maltaverne present 4 steps to creating a digital strategy for procurement.