MTN
MTN
transforms procurement with digital DNA approach
FUTURE TRENDS IN PROCUREMENT
When it comes to future trends in procurement , Karl emphasises the importance of seeing procurement as an integral part of the business as opposed to an appendix . “ Procurement is not only a vital function for cost savings , it has strategic value to unlock opportunities for businesses ,” says Karl .
To achieve such value , a key trend going forward will be the effective use of data to navigate the complexities of the procurement and sourcing function . “ Data will help organisations to tackle inflation and further disruptions to the supply chain . It will be particularly beneficial in our operating markets to navigate the complexities of procurement and supply in developing countries when it comes to hyperinflation , currency fluctuations , crossborder trade , and sanctions ,” says Karl .
“ It ’ s no longer enough to talk about procurement data visualisation , we have long passed data warehousing , data lakes and data visualisation , it is time to realise the value that can be created to implement behavioural models and predict outcomes . It ’ s more about empowering operations with predictive insights and forecasting to drive the future of procurement excellence .”
34 September 2022