Traditional Procurement Will Disappear - Journal

“Everything from Source-to-Pay can be automated, analytics and innovation will be in focus.” – says Theofanis ZOUMIS, Head of Procurement – Data, Systems, Processes & Compliance (DSPC),Global Process Owner Procurement from Linde.

How to pursue digitalisation projects to achieve operational excellence?

There are different ways how to achieve operational excellence. Digitalisation is one of the means to e.g. increase efficiencies in the organisation. Either C-level management supports digitalisation or a strong business case is needed to convince stakeholders.

What can industry 4.0 do for your business?

Industry 4.0 brings all functions within and outside a company closer together and allows everyone to optimise resource requirements.

Why is it important to invest in new talent and capabilities for the procurement function? How to attract new talent into procurement and retain it?

The traditional procurement will disappear in a few years. Everything from Source-to-Pay can be automated, analytics and innovation will be in focus. Data science will become more and more important; those skills are seldom available in today’s procurement. Future-oriented action is exciting and attracts talent!