The report highlights the importance of procurement in the digital age and how emerging technologies like AI, RPA, blockchain, IoT, and 3D printing are reshaping the procurement function. These technologies have the potential to improve decision-making, simplify repetitive tasks, secure transactions, and enhance connectivity. The report suggests that procurement stakeholders should seize the moment and leverage the potential of digitalization to exert a larger influence on corporate decision-makers and their investment plans. The report also suggests that suppliers, purchasers, and end-users will need to reinvent the way they work and interact in this new technological age. The report concludes by assessing the readiness of organizations to maintain competitiveness and provides steps for maintaining competitiveness in the digital age.
