TECHNOLOGY driver of digitalisation , particularly since the pandemic ,” says Saric , adding : “ Such technologies provide the transparency required to better assess risk of disruptions and mitigate the effects when they occur .
Adding to Saric ’ s comments , Thurman explains that , with the increase in regulations and governance , “ digitising the S2P and P2P processes can help organisations to strengthen their compliance , supplier visibility and collaboration . Digitalisation allows organising to drive agility across their supply chains and mitigate supplier associated risks with validation solutions ”.
She adds : “ The case for digitalisation has been there for a long time but , particularly in the last two years , has ramped up the need to remove manual processes and drive both greater visibility and simplicity ‒ benefits that come from digitalisation .”
Advanced technologies can also help organisations stay ahead of the curve . “ AI and automation enables organisations to gain added visibility across the supply chain , which in turn helps them to spot new opportunities , manage supplier risk , and make more informed decisions ,” says Saric .
He adds : “ Organisations are increasingly seeking innovation in procurement as digitalisation brings a huge competitive advantage . Delaying your digital transformation could risk missing out on
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