Using Intelligent Automation in the Procurement Process

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Traditionally, procurement has been considered a back-office function, but this area is quickly becoming a goldmine of opportunity for intelligent automation. In fact, many organizations are expanding procurement as a strategic partner to drive cost savings, improve market efficiency and resiliency, and achieve business goals. In addition, intelligent automation can help drive this particular transformation.

Invariably, procurement managers have been challenged by their new roles that have expanded from their traditional roles. For example, many tasks are still managed kode panggilan filipina manually using spreadsheets and even paper-based tools and heavy human interaction. Unfortunately, manual tasks, which are time-consuming, only slow down the process while decreasing the return on efficiency and productivity.

In the past, procurement was a back-office function that was difficult to automate because many processes required multiple systems and stakeholders – for example, acquiring new marketing products required processes from multiple departments, from identifying the need to source and select the right suppliers to creating the purchase order to managing the delivery process and tracking all payments. It’s no wonder bottlenecks have become commonplace.

However, intelligent automation can improve both efficiency and accuracy while helping to reduce procurement costs. Additionally, intelligent automation can help provide strategic insights that enable better business partnerships. According to Kearney Consulting, operational procurement will be fully automated through intelligent automation.

There is no doubt that procurement should be focused on improving the speed of business processes, so that employees have more time to spend on higher value projects. This is where much of the value of intelligent automation can be found, by significantly reducing the number of repetitive, error-prone tasks and processes.

So how can you effectively apply intelligent automation to the procurement process? Read on to learn more.