COVER STORY
TECHNOVATIONS IN PROCUREMENT A recent Kearney study highlighted that while helping businesses gain a competitive advantage by tapping into the value of their supply chains, procurement has become more sophisticated. Over time, the function’s role has been elevated from transactional management to strategic sourcing. Surviving in the digital reality will require procurement to move beyond bottomline efficiency by embracing digital and transforming the supply chain to become a valuable strategic business partner. Our panel discussion on ‘Digitization & Automation in Procurement’ echoed the same sentiments by focusing on the various pieces of digitization and digitalization and their effective implementation, which is both cost-effective, fast, and brings in resilience across the Value Chain. Excerpts…
