Leaders in procurement need to think now about how digital systems are going to change their landscape, as cloud-based technology provides a turning point and tech becomes cheaper, according to Jonathan Cooper-Bagnall of Proxima Group.
Talking at the CIPS Annual Conference 2016 in London last week, the executive vice president from the consultancy said that the future of technology is through orchestrating various tools, rather than developing a mythical single system that does everything.
“Just imagine that you develop the perfect system and then somebody develops an app that you want to use and you can’t incorporate it,” he said. Instead, business systems of the future will be modular, with procurement software able to work with bigger business systems. “A lot of effort is already going into developing connectors,” he added.