LYTICA

has to identify what IT can serve the business and then follow through with the best possible IT investment decisions.”

To navigate these challenges, digital procurement systems are providing organisations with answers. But as Ian Nethercot, a supply chain director at IT procurement companyProbrand, explains, a study by the company has found that very few organisations are making headway when it comes to digitalisation.

“Research produced by Probrand, in collaboration with CIPS, has revealed that fewer than one in five (18%) believe they have reached a point of full digitalisation,” he says. “Furthermore, 28% say they are yet to make plans to move in this direction.”

Procurement digitalisation seen as ‘poor relation’

According to Paltron, the digitalisation of procurement is often treated as a poor relation – omnipresent areas such as sales, marketing or IT security draw all the attention.

“Although the primary focus on these areas is justified at the beginning, procurement is another crucial component that holds a real treasure for companies: a large set of existing data as well as additional connections to many internal and external departments and areas,” the company says. “In particular, the connection to suppliers and stakeholders as well as the entire supply chain.”

Procurement Digitisation: When One Platform

Enough - Gary Levitan