Lockdown or not, business models pivot around cost-saving measures, efficient supply chain operations, risk assessment, and management. Although digital transformation has been underway in procurement long before the pandemic, it’s of extreme importance now. Procurement’s transition from manual mode to automation will witness massive innovation through digital intervention. AI, for instance, will revolutionize Procure-to-Pay operations.
This white paper focuses on the state of procurement processes and examines the prospects of procurement processes from a near-term perspective.