Monday, June 27, 2011

The Future of Procurement: 2020: Everything will be Automated

What will Procurement look like in the future?

  • There will be a move away from traditional ERP systems to web-based, open architecture systems that are able to interface with many systems in a company as well as its supply base.
  • Centralized purchasing will become a thing of the past as end-users handle routine transactions in non-critical spend categories. Buying will be done by the people who use the goods and services. The sourcing system will enforce workflow and compliance.
  • End-users will produce agreements that meet minimum criteria. Exceptions will be escalated to Sourcing.
  • Contract management and administration will be automated, and will use templates and collaborative tools.
  • Risk management will be built into the systems and processes. They will no longer be ad hoc initiatives.


Adapted from VISION 2020: Ideas for Procurement in 2020 by Industry Leading Procurement Executives http://bit.ly/kIwoW3

No comments:

Post a Comment