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To remain at the forefront of innovation, companies must continue to keep pace with
evolving sourcing and procurement technologies. Early adopters can help ensure their
success in today’s markets and secure their future market position.
Procurement technologies have progressed considerably. In fact,
given advances in the scope and sophistication of corporate procurement
teams, it would be difficult to find any company whose
procurement operations could not derive new value from the use of
modern purchasing or sourcing tools. However, if procurement technology
has gained significant ground in the last few years, then what
should companies expect in the next few? This paper looks at four
of the most promising trends in procurement technology.
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