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The digital revolution is coming to procurement. While many businesses have embraced eProcurement systems and cloud-based tools, digital procurement demands more than that. Is your business ready? Learn three considerations before you move forward.
It’s time to upgrade your thinking.
Will Change Everything
revolution is coming
Will you be ready?
outside your own
made in the
through use of
Procurement is expected to help stakeholders in the business
make the best purchasing decisions and deliver optimal value.
The procurement problem is not new…
But current policies and tools are geared toward driving a process rather than an experience
or outcome. For stakeholders, it’s an obstacle to be avoided rather than a useful tool.
True, companies have enthusiastically
embraced eProcurement systems and
even cloud-based procurement tools.
But these simply replicate the same
tedious procurement processes with
new software rather than upgrading
the purchasing experience.
…but the future creates
a new solution
Digital procurement enables
the “Amazon-like” experience
employees now want in the
Making procurement more
attractive to stakeholders
is critical to increasing the
influence over the half of the
company’s spend it doesn’t
control—and increasing the
effectiveness of how that
spend is managed.
By streamlining and simplifying how
people make and execute buying
decisions, digital procurement encourages
stakeholders to ‘embrace the process’
instead of circumventing it.
Users simply see valuable information presented
that they can act on. Compliance and controls
are embedded in the model instead of being
visible obstacles to be overcome.
defined not by a
but by putting
deep and rich data
at the fingertips
A true digital
repeatable tasks to boost
efficiency and potentially
drive down costs.
It equips stakeholders
across the business with
real-time access to
insights and analytics
Intelligence (AI) and
easy-to-use online tools.
It deploys new and
smarter ways to infuse
data models to enrich
and decision making.
And it transforms how
buyers interact with
suppliers and other
third parties by serving
as a platform for new
levels and types
Benefits of Next Gen Procurement
Five Key Factors for Success
as well as inside,
to inform not just
‘what’ has been
purchased, but ‘why’
it was purchased.
To make sense of
data, and provide
support, you need
to combine the
especially AI, natural
analytics and bots.
to actually use
value requires a
team of people
from Data Scientists
and AI experts,
To ensure everyone
a review of policies
is needed along
with an updated
IT TAKES TIME
It typically takes three to five years to collect the relevant
data, develop the necessary systems and processes, and
build the underpinning analytics and AI. That’s why it’s
critical for companies to begin moving today.
IT TAKES MONEY
Building a digital procurement organization also requires
a big investment. Fortunately, digital procurement
capabilities are increasingly available as-a-service, which
could eliminate the upfront investment to build them,
and also dramatically accelerate the transformation.
IT TAKES VISION
Although the benefits of digital procurement can be
substantial, it’s a big departure from how procurement
has traditionally operated. That’s why companies should
to consider a partner to help them define what the future
procurement organization will look like for them
The reality is, every industry today faces its own
individual challenges. And as part of their
response, companies should think hard about what
they need from their procurement organization.
That’s something Accenture has been focusing on as we work
with companies around the world to define, and prepare for
the next generation of procurement.
Find out more by visiting:
The Next Steps