Summary While globalisation has many benefits, opening up many opportunities and advantages for global advancement, the current methods being used also have …
Leveraging digital technologies to embrace
procurement transformation
Unlock the full value of your procurement function by embracing the latest technologies.
The need for procurement transformation in the
contemporary business environment
The procurement function is the lifeblood of any organisation and leaders of global brands have identified an efficient procurement function as one of the primary driving forces of success in the contemporary business landscape.
Increasing procurement efficiency, however, relies on continuous evolution, which is all the more important as businesses come to grips with the requirements of Industry 4.0.
Continuous improvement is also crucial to build resilience in the procurement function in the face of supply disruptions that most businesses are encountering, and to bounce back from their impact.
Procurement teams, therefore, must always be on the bleeding edge of innovation. From eAuction platforms to spend analytics and everything in between, embracing disruptive technologies is essential to drive procurement transformation and make the function a strategic priority.
In addition to these core technologies, procurement transformation can also be accelerated by the adoption of maturing and emerging technologies such as cognitive computing, visualisation, crowdsourcing, Blockchain, spatial analytics and more.
So, what can businesses do to ensure they are getting maximum value from these technologies in their drive to optimise and transform their procurement function?
Leverage the expertise of procurement professionals to unlock your procurement function
Leverage the insights of procurement professionals
While the emergence of procurement technology is a boon for businesses looking to reimagine their workflows, getting the most out of the latest technologies available may not always be possible without professional support.
This is partly due to the novelty of these emerging technologies.
That is why effective procurement transformation requires the support of professionals through procurement consulting. With professional support, you can alleviate the risk of getting overwhelmed by new technologies and formulate and implement action plans to integrate these technologies to enhance your existing workflows.
Professional consulting can guide you through the crowded procurement technology market and help you identify what solutions can add real value to your procurement function without disrupting the work of your teams.
How can Kronos Group help your organisations embrace
procurement transformation?
At Kronos Group, we are committed to supporting organisations in Europe and beyond through our professional-led consulting services. Our team of professionals have helped leading organisations in the region align their procurement function with the demands of Industry 4.0 by supporting them in streamlining their workflows with cutting-edge technologies.
With our range of procurement consulting services, we empower organisations to unlock the true potential of their procurement function through targeted, practical, and efficient strategies that consider every single aspect of their operations to deliver lasting value.
Our procurement consulting services cover:
Spend optimisation
Procurement training
Procurement excellence
Spend management platforms
Targeted procurement expertise
Procurement outsourcing services
Procurement maturity assessments
If you would like to learn more about how we can support the transformation of your procurement function, get in touch with our team today.
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