BUILDING A DIGITAL PROCUREMENT STRATEGY
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BUILDING A DIGITAL PROCUREMENT STRATEGY
According to Accenture , however , procurement has failed to keep pace with the efforts of other business functions . That ’ s not necessarily a failure in software , but in strategy , with the professional services firm identifying five elements needed for a digital procurement strategy , the first being data sourced from both inside and outside of an organisation to reveal information such as the ‘ what ’, the ‘ why ’ and the price of items purchased . Next comes the correct toolbox of technology to make the proper inquiries into that data , driving insights through the use of such technologies as AI , natural language processing , and analytics . Procurement software must also reach out to the user via intuitive user interfaces , encouraging rather than putting users off of digital tools .
Having the technology is all well and good , but the correct people with the
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