WATCH NOW

Revolutionising procurement workflows by providing innovative solutions to streamline and enhance the entire process , augmented reality ( AR ) is transforming traditional practices to become more efficient and effective . Other benefits include real time visibility and the elimination of manual research , remote collaboration and communication , enhanced supplier management , instant access to critical data , and increased transparency .

Expected to be worth US $ 1.43tn by 2030 , blockchain technology could boost the global GDP by US $ 1.76tn . Top sectors driving the adoption of blockchain are finance , healthcare , agriculture , and manufacturing , but how can these sectors ’ procurement function benefit from this technology ? Key benefits of blockchain in procurement include increased transparency , smart contracts , and reduced costs .

WATCH NOW

procurementmag . com 31