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.
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.