Make Better Purchases Through Digitalization

We cannot, of course, overlook the digitization process encompassing the entire economy. Moreover, this technological evolution brings undeniable added value. The essential need is to enhance efficiency: virtualization achieves this through real-time information updates, reliability, and immediate accessibility.

The procurement department can thus refocus its efforts, positioning itself at the crossroads of the company’s needs and supplier negotiations. Once a request for proposals is issued, it becomes straightforward to convene and make the best decisions. With high-quality information at their disposal, making coherent and informed choices becomes effortless.

Additionally, with proposed prices easily comparable, the entire transaction process becomes more transparent. Moreover, legal compliance is guaranteed, as documents are integrated into transaction platforms. This highlights the procurement department's role in legally securing the process.

There are numerous advantages to using these digital tools, which form a true ecosystem. Previously, companies often outsourced the task of consulting various service providers. Today, procurement departments can work directly with suppliers, benefiting from the precision and simplicity of digital tools. There is no longer a need for significant efforts to reference and manage supplier files, as everything is accessible online. The platform thus becomes the single tool for contract management.

It can also be argued that competition will become fairer, as companies will no longer rely as heavily on their traditional providers. It becomes easier to put all suppliers in direct competition. This also simplifies relationships, as communication becomes more straightforward.

The transition to the digital era allows procurement departments to reclaim their position and authority. Computerization brings centralization, transparency, and improved communication among all stakeholders. Additionally, as Western companies face direct competition from emerging markets, smarter purchasing becomes a clear solution for maintaining or even increasing margins.

Thus, it can be asserted that far from diminishing the role of procurement within companies, digitization has, in fact, provided it with new visibility and enhanced its strategic importance.

El Attari Abdelilah
Digital Transformation Expert
E-solution