How Do Medical Affairs and Regulatory Affairs Professionals Co-Create The Regulatory Strategy From The Beginning?
New ways clinical trials and real-world studies will be conducted…
“Understanding data and information is a skill of increasing importance as this improves decision-making in general.” – says Simon BERKEMEIER, Corporate Fuel Management from Lufthansa.
New technologies, such as AI and Robotics, will lead to a much more efficient and effective strategic procurement. Administrative tasks will be fully automated, which allows more time to focus on strategic tasks. I believe that new technologies offer the possibility to fully integrate end-to-end processes and eliminate unnecessary process steps.
Through the increasing availability of data paired with predictive analytics, more information will be available to improve the decision-making process and base decisions on data instead of gut feelings.
I think effective SRM can be developed through integrating and jointly automating end-to-end (supplier to customer) processes. Robotics for example offers the opportunity to harmonise processes without changing current ERP systems.
In addition, supplier and customer need to share data and knowledge in order to improve collaboration in general.
Understanding data and information is a skill of increasing importance as this improves decision-making in general. However, empathy and social skills will not lose any of their importance, because in the end, strategic purchasing will remain a people business.