If the past is anything to go by , change is the only constant – and the past 3 years have brought about more change to procurement than the last 30 combined .
Here are our top 6 predictions for the future of procurement :
TIMELINE
THE PROCUREMENT OF THE FUTURE : PREDICTIONS
If the past is anything to go by , change is the only constant – and the past 3 years have brought about more change to procurement than the last 30 combined .
Here are our top 6 predictions for the future of procurement :
People and planet will prevail over profits
Once upon a time , procurement was merely about driving profits . Get stuff , sell stuff , make money , repeat . The emergence of extra-material cultural values has galvanised the drive to transform procurement from the ground up . The future of procurement will concentrate on ‘ triple-bottom lines ’, incorporating ‘ people ’, ‘ planet ’ and ‘ profit ’ into the same framework .
Entirely digitalised procurement processes
Even when procurement was wholly concerned with the bottom line , efficiency was key . ‘ Time is money ’ – you know the crack . But time is foremost a resource ; the foundation of all the rest – and so productivity and efficiency are crucial , thus growing concerns for procurement . Simply put : the more that ’ s digital , the less wastage .
16 January 2023