As the philosopher Heraclitus of Ephesus said, “nothing is permanent except change.” Today, more than two thousand years after his death, this phrase has never been more relevant.

Innovation is happening at a fast pace, impacting different segments and transforming our daily lives.

And in B2B, the changes are significant and fundamental: buyers have started to act in an increasingly strategic way, leaving operational activities to technology. 

Read on to learn more about the Procurement of the future!

Hyperconnectivity is the passport to the Procurement of the future

In the new era of Procurement, hyperconnectivity is the passport to a disruptive scenario, marked by diverse technologies.

O cloud computing allows the entire process to be integrated and data to be accessed from anywhere.

A internet of things enables even greater control and automation of the entire supply chain and production process.

Now the solutions of analytics e artificial intelligence automate price comparison and negotiation demands with suppliers, making the buyer's decision-making process more agile and intelligent.

These can be considered the new “superpowers” ​​of buyers and supply chain managers, so that professionals have greater agility in operations and conduct business with accuracy and strategic vision. 

Technology reinvents the interaction between buyers and suppliers

Innovation in this sector is reinventing interactions between suppliers and buyers, promoting benefits for both parties.

We cannot forget that data integration also plays an important role, allowing the creation of a 360-degree view of the entire process, taking the management of issues such as lead time, logistics, costs and risk indices with suppliers to the next level.

In this way, e-Procurement has become fundamental for optimizing the end-to-end supply chain. 

Is your shopping area prepared?

In the digital age, those who will survive the market pressures will be the fastest and most adaptable. Therefore, to keep up with all these technological changes, the buyer needs to be constantly aware of the main trends.

It is not enough to just think about quotes and orders or have a good relationship with the supplier. It is necessary to evaluate the company and market scenario, propose strategic improvements for the business and leave the heavy lifting to technology.  

Is your company ready to embark on the Procurement of the future? 

This text was written by Armando de Vilhena, director of engineering and operations at Mercado Eletrônico, and published on the portal IT Inside.