Digital transformations also apply to procurement processes.
The idea is to dematerialize all source-to‑pay activities and processes, and all resulting interfaces with in-house stakeholders and suppliers. The potential gains in efficiency are massive and would liberate resources to be reallocated to higher‑value tasks. The digitization of procurement processes also enables the generation of new data, which can be used in turn to perform more detailed analyses of procurement practices, consumption models, and supplier transactions.
The use of e-procurement can double the number of purchase orders processed per procurement FTE.
