PROCUREMENT STRATEGY
In today ’ s rapidly evolving business landscape , procurement functions are under immense pressure to be more efficient , responsive and strategic . The digital transformation of procurement processes is vital for organisations aiming to stay competitive in the modern landscape .
Building a successful digital ecosystem in procurement is not just about adopting the latest technologies ; it involves creating an environment where everyone is talking to everyone , from managing data , to digital tools , through to organisational objectives .
With this comes many challenges , including creating a procurement digital ecosystem fit for purpose . The ecosystem is built to overcome these obstacles , and provide practical advice on where to begin , when redesigning or reviewing the digital infrastructure .
Alex Saric , Chief Marketing Officer at Ivalua , and Matthew Buckingham , Vice President of Business Development & Alliances at Focal Point , discussed the challenges of building a successful digital ecosystem for procurement .
The Ivalua platform is built for collaboration between businesses and suppliers through a single , open platform . With suppliers connecting to their customers via Ivalua , the seamless onboarding process allows immediate engagement with buyers . Supporting a more open ecosystem that integrates with other solutions , networks , and services .
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