In this age of impatience, expediency and constant preoccupation, the need for automating mundane, monotonous processes to improve ease and efficiency is fast becoming a pressing one. For procurement, automation could mean doing away with expensive and tedious manual tasks, such as data management or value-based scoring, thereby driving productivity and cost savings.
Modern advancements in technology suggest that we might already have the firepower to develop a software platform which automates most of procurement’s functions. But, is completely automating procurement the solution? Would we continue to be as innovative and receptive to change in a fully automated environment or will it take away a bit of our flexibility? More importantly, how should we best approach procurement automation to really make it work for us as a sustainable value addition?
In this white paper, GEP’s experts attempt to answer these questions and more, as they envision the impact of automation on procurement.