The implementation of these technologies have various benefits: 

• Better data accuracy and security
• Increased compliance, control and transparency
• Streamlined processes and lower operations cost
• Reduced processing time leading to lower procurement cycle time
• Superior performance and increased users satisfaction
• Enhanced buyer/supplier interaction
• Reduced operating risk and enhance business agility
• Greater analytic capabilities enabling clearer insights for decision making process
• Higher productivity and focus on strategic and advisory role in support of overall business objectives
• Elimination of mundane and repetitive tasks improving employee engagement and happiness
• Enhanced service levels and happier stakeholders
• Increased ROI and greater business value add 

The digital transformation of the procurement function is a primordial change organizations should embrace rapidly. Implementing the right technologies and acquiring the necessary capabilities will help develop a more integrated and value-add procurement function. With this fast changing environment, organizations should be in the urge to define a clear procurement strategy and road map to embrace and deploy disruptive technologies in order to thrive and prosper in the digital age.

Procurement Technologies

In the current industry 4.0 revolution, a huge wave of disruptive technologies are emerging to transform lives and businesses. Procurement and supply chain function was targeted at first by leaders and developers resulting in multiple technologies made available in the market. We, in Strategyah, will help you assess your need of systems to be implemented based on your procurement function maturity level. We will guide you in defining the scope of work of your digital transformation requirement, developing your bidders list and identifying the selection criteria that will help you partner with the most performing supplier.