E-PROCUREMENT SOFTWARE
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NOW become even more intelligent and provide more detailed insights . Blockchain integration will increase transparency and trust , and predictive analytics will enhance proactive decision-making to better support teams and greater market knowledge and access .”
While Reddy believes that : “ AI and automation is inevitably going to disrupt the procurement function , with its immense potential to enhance and improve sourcing , contract / supplier management , and purchasing processes .
The most transformative solutions will completely remove the manual processes inherent in tasks like issuing and recording invoices .
These are the processes that previously defined a large part of the procurement role , but in future the job will be very different . Procurement teams actually play a vital role in helping to achieve overall organisational objectives .
AI has the power to elevate this position even further when used in the right way , with the right data , to underpin and evaluate core areas of a business such as risk , cost savings and strategic planning . With a renewed reputation as an exciting , vital , and influential ally for commercial success , procurement will attract even more of the best talent , representing an increasingly dynamic and desirable career option .” procurementmag . com 129