The Future of Procurement

Meet the new breed of procurement pros!

In today’s pressurised environment a new breed of procurement leader is emerging.

Procurement leaders are spearheading a new approach to procurement to help navigate an uncertain business world.?

This innovative breed of procurement professional is evolving alongside advances in RFx technology and smarter processes. They are using tech to free themselves from mind numbing tasks to focus on the strategic side of the role — allowing them greater influence with stakeholders and enhanced career prospects.?The technology also enhances the ability to breakdown complex procurement decisions and make informed tactical purchasing decisions during a time of economic uncertainty.?

Today, procurement professionals even view a period of economic uncertainty as an opportunity. A time to broaden their roles and discover new thinking and innovative technology to make the job more interesting.??

Here are 7 ways new RFx technology is helping procurement professionals:?

• Faster RFx workflows for RFPs, RFIs & DDQs?
• Evaluate processes and eliminate repetitive tasks.?
• Assess risks, supplier management and contracts for better and fairer deals for all?
• Adding value by understanding internal & external stakeholders' requirements?
• Tweak operating models to continually improve?
• Improve supplier experience and build better relationships?
• Hone negotiating skills to secure best deals?

As a result, roles such as 'Procurement Leader' are becoming more sought after by graduates, who are seeking these roles instead of falling into them.

Discover more about the Procurement Best Practice tools supporting the new breed of procurement leaders here