As technological advancements have impacted the business world, the way we work and interact with suppliers has similarly changed.
E-procurement became a buzzword in the purchasing profession as the internet transformed business. Even now, purchasing technology remains a topic of conversation as communication methods and processes adapt to reflect the modern world.
Nearly all organisations will make use of some form of e-procurement. More than ever, in this era of enriched collaboration and increased social networking, the way we use technology to work with and manage suppliers is key meeting our targets and provide real benefits to our businesses.
“Portals” are one way of using technology to manage supplier interaction. The benefits range from allowing suppliers a simple method of registration to become a potential vendor, to setting up alerts to send out on business news or performance. Processes can be automated and portals can, in some cases, provide excellent reporting tools if information is captured in the correct way.
- another hot topic which calls on changing the way businesses communicate by reducing emails and looking to other platforms for sharing information - also suggests we could make more use of tools such as portals. As more businesses prepare for these changes, technology providers need to position themselves to ensure they take the best of these changes and use them to their advantage.
So, does this mean that businesses that don’t adapt to “electronic” will have less growth then others who do adapt and step into their place? I think so, yes.
☛ Selina Dhesy is a graduate working in the supplier management team at Atos