The impact of digital transformation on purchasing

impact-digital-transformation-purchasing

impact-digital-transformation-purchasing

Purchasing processes have changed a lot in recent years, both in retail and B2B commerce – operations are increasingly digitalized and remote negotiations have taken up a large share of the market.

In today's post, Luiz Gastao Bolognez, vice president of Mercado Eletrônico, shares his point of view on the importance of digital transformation in purchases and all the acceleration and urgency caused by the covid-19 pandemic.

Read on!

Presence in the digital environment is a matter of urgency

During a live that I carried out with Leonardo Framil, CEO of Accenture Brazil and Latin America, the executive commented that the covid-19 pandemic showed the urgency for companies to be present in the virtual environment, and this meant that technological implementation processes, which would take up to three years, were completed in just three months.

Recently, we have seen a huge disruption in several sectors, which has further increased competitiveness and the search for solutions that solve modern problems in a short time. Companies have realized that dedication to the strategic potential of the market must be a priority and this is even more latent and visible in the B2B purchasing sector.

Today, more than ever, it will be necessary to go beyond the basics and operations, and demonstrate the strategic and creative capacity to adapt to new demands, which change in the blink of an eye. Digital transformation is a key element in making all of this possible.

Technology reduces B17B purchasing costs by up to 2%

According to the study “World-class purchasing: redefining performance in the digital age”, investment in new technologies reduces costs generated by purchasing areas by up to 17%.

These investments can be linked to various sectors of the area, such as inventory and supplier management and organization and data analysis, for example. The latter, in fact, allows companies to analyze the market more efficiently and make quick decisions that enhance business efficiency.

Automation in purchasing: simpler, more transparent and strategic processes

Online purchasing management platforms are a major differentiator in digital transformation – such tools make processes simpler, more transparent, organized and strategic. On the other hand, they also eliminate the need for rework and drastically reduce risks.

Through them, companies have access to several facilities such as contract management, digital signatures (documents can be checked remotely and the use of paper is reduced) and risk management – ​​even with all the care, any business is subject to problems, anticipating them can be the key to avoiding crises.

Those who do not carry out digital transformation will lose prominence

In addition to all the practical day-to-day benefits, digitalization also allows companies to be closer to their suppliers, which improves relationships and makes them sustainable business partners.

Now, more than ever, those who are not adapting to the new market reality will lose prominence. It is necessary to be aware of everything new that emerges, and understand which tools to incorporate into the purchasing sector to ensure business success.

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