Selecting suitable suppliers, comparing prices or processing orders – procurement processes take time and tie up human resources. This is all the more true if these steps are carried out manually. Thus, automated procedures in the purchasing process are an integral part of modern supply chain management and can help to make procurement more efficient, transparent and flexible. A wide range of e-procurement solutions as part of the digital supply chain helps companies streamline processes and relieve employees of routine tasks. We have compiled an overview of the benefits of e-procurement and present potential solutions.
This year, in response to ongoing supply chain disruptions, the majority of German companies have adjusted their procurement strategy. That was the finding of the business survey "How companies are responding to supply chain disruptions". The survey was conducted by the ifo Institute among 4,000 companies in the manufacturing, wholesale and retail sectors in July and published in October. We provide an overview of the key findings.