There’s an incredible amount of buzz about blockchain, but often, it has been accompanied by a lot of unjustified hype, confusing people about the true benefits that it might create.

In this eGuide, experts from GEP discuss how five game-changing technologies — Artificial Intelligence, Robotic Process Automation, Blockchain, Internet of Things, and 3D Printing — will reshape and redesign the future of procurement and supply chain teams.

As procurement aims for digital transformation, there will be more automation, more data, and more decisions to be made. For this, procurement would need greater throughput and analytical power to manage large volumes of processes and the data they would generate.

Procurement is indisputably at a crossroads — increasingly under pressure to move beyond its traditional role and become a strategic contributor to business outcomes. A definite vision of the “procurement of tomorrow” is emerging, and it looks a lot different from the procurement of today.

Procurement is at a strategic inflection point: digital transformation could deliver a quantum leap in the function’s performance, but only if CPOs recognize they need to change mindsets as well as technology.

Technology and transformation clearly go together. But which one drives the other? Do you embark on a transformation project then look for technology solutions?