--- title: Working towards a genuine Digital Procurement description: There is an urgent need to accelerate Digital Procurement approaches to generate well-knowledgeable buying outcomes... image: https://blog.prophetic-technology.com/hubfs/reproductive-health-supplies-coalition-i2I0_u98Rh4-unsplash.jpg --- [hello@psdtohubspot.com](mailTo:hello@psdtohubspot.com) [+91 8874569874](tel:+91%208874569874) Hours : Opens 10:00 AM To 07:00 PM [![logoHD](https://blog.prophetic-technology.com/hs-fs/hubfs/logoHD.jpg?width=2500&name=logoHD.jpg "logoHD")](https://www.prophetic-technology.com/) - [Home](https://www.prophetic-technology.com/home) - [Subscribe](https://www.prophetic-technology.com/pt-blog-subscribe-opt-in-consent?hsCtaTracking=174cc371-9cdc-4b94-a32e-9007f0ac4dea%7C0776642c-2604-4695-8e3f-f7a74f10031a) - [Contact Us](https://www.prophetic-technology.com/contact-us-old) - [procurement](https://blog.prophetic-technology.com/topic/procurement) # [Working towards a genuine Digital Procurement](https://blog.prophetic-technology.com/working-towards-a-genuine-digital-procurement) The Digital Procurement functions are finally gaining power even though Supply Chain (SC) managers h... [Read More →](https://blog.prophetic-technology.com/working-towards-a-genuine-digital-procurement) - [supply chain (286)](https://blog.prophetic-technology.com/topic/supply-chain) - [technology (138)](https://blog.prophetic-technology.com/topic/technology) - [logistics (81)](https://blog.prophetic-technology.com/topic/logistics) - [procurement (69)](https://blog.prophetic-technology.com/topic/procurement) - [optimisation (65)](https://blog.prophetic-technology.com/topic/optimisation) Posted by [Dave Food](https://blog.prophetic-technology.com/author/dave-food) on Nov 26, 2019 2:51:30 PM ![Dave Food](https://app.hubspot.com/settings/avatar/9fa060d35f0f962fafafe972c24035ae) Find me on: [Facebook](https://www.facebook.com/davefood) [LinkedIn](https://www.linkedin.com/in/davefood) [Twitter](https://www.twitter.com/davefood) The **Digital** **Procurement** functions are finally gaining power even though Supply Chain (**SC**) managers have consistently *overlooked* to integrate *digitalisation*; moreover, **Procurement**, even now, *has not* the same sort of *attention* or *investment.* However, [a](https://www.accenture.com/us-en/blogs/blogs-procurement-today-ruehle-detwiler-fahey-part-one) new report released by Accenture declares that many **SC** managers are *working towards the modernisation* of these functions, but may not have the means to set off. Many companies are struggling *to adopt* digital technologies and *to update* essential areas of their business, encompassing close-customer functions like marketing, sales and services. As manufacturing develops into ever more digitised, there are new demands made on the suppliers and service providers who interact with **Procurement** operations. There is an urgent need to accelerate **Digital Procurement** approaches to generate *well-knowledgeable buying* outcomes, unlock *new channels* for *retaining* suppliers, and *new efficiencies* through smart automation. **Procurement and Sourcing** - Digital Procurement companies *automate repeatable tasks* to enhance efficiency and possibly force down costs. - It *furnishes* shareholders throughout the enterprise with *real-time access to easy-to-use online tools.* - It set up i*nnovative* and *keener tactics* to introduce data models that improve everyday processes and decision-making. - It changes *how buyers* and *suppliers cooperate* among them and with other **3Ps** (third parties) by *serving as a platform* for new *stages* and forms of collaboration. **Newcomers** Not only Accenture is struggling to meet the demand for **Digital Procurement** cooperation. Several businesses are looking forwards *to getting a similar experience* as consumers get from *online merchants*, with *maximum visibility* and in *real-time*, whatever the approach, as there is a demand to transform data into manageable insights. Manufacturing network empowers business stakeholders to *collaborate*, *connect* and *communicate* in more accessible and efficient ways through *innovating their platforms* with Artificial Intelligence (**AI**), Machine Learning (**ML**) and Predictive Analytics competences. Newcomers in this area brought lately in real-time *predictive visibility* from customer' orders to suppliers’ delivery. **Digital Procurement** allows employees to get the "Amazon-like" experience; it has somewhat a closed system that manages the mainstream of the process from search to delivery, and guide partners on how to interact with customers in case they do not have the control. **Procurement** businesses work it differently as they *deal with multiple suppliers* and *delivery services* organised according to their particular needs. Digitisation shows a *better way* to manage it, facilitating **Procurement** functions through *real-time data shared* among *suppliers* and *logistics providers*. The *deeper visibility* encompassed in Predictive Analytics through **Procurement** actions is what companies want badly. However, it is shocking that stakeholders consider the **Procurement** process too *complicated, slow* and *rigid.* They look at it as a *barrier* and not as a valuable advantage. By all means, **Digital Procurement** is outlined by *deep* and *rich data*, assuming an **AI** model that controls the whole process, so users avoid taking countless-troublesome steps. **Embracing the Process** **Digital Procurement** supports stakeholders to *adopt the process* instead of getting around it. They only meet *valuable information*, *fulfilment* and *controls* they can operate on, as they are already set in the pattern and *do not represent* blockages to overcome. **Further comments**: Today, the vast majority of companies still have what Accenture calls "a Procurement 1.0 organisation", marked by systems designed years back, that generally made the Procurement process too complicated. **Digital Procurement** is an *open step-change technology*; it makes daily operation *efficient, transparent* and *quick*, with software tools design individually for requirements essential to each procedure. The next step forwards should be *a genuine digitised transformation*.   **Dave Food** [Prophetic Technology](https://www.prophetic-technology.com/) **Subscribe to our emails & exclusive free content.** **[![I want to subscribe](https://no-cache.hubspot.com/cta/default/2979069/174cc371-9cdc-4b94-a32e-9007f0ac4dea.png)](https://cta-redirect.hubspot.com/cta/redirect/2979069/174cc371-9cdc-4b94-a32e-9007f0ac4dea)** - [procurement](https://blog.prophetic-technology.com/topic/procurement) - - - ## Post Your Comments Here #### About Us Prophetic Technology is a team of dedicated people that combine their expertise in business domains with a passion to release potential.s every page it appears on. 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