As Procurement function continues to transition to a more strategic role in many organisations, the executives will also continue to test and apply new technologies to the purchasing process. Although the overall electronic adoption has been slower than anticipated due to the difficulties of internal and external integration, the future holds a lot of promise for technology-enabled process improvements.
This section highlights the inefficiencies of the traditional purchasing process and how those procurement executives who see the opportunity of purchasing technologies for cost reductions, faster cycle times and improved communication flows, will continue to seek ways to use these new tools to their best advantage.
|Self-tests 2.3 and 2.4
|Questions to self-tests 2.3_2.4
||Suggested answers to self-tests 2.3_2.4