Procurement & Supply Chain functions are highly process-oriented and administratively driven. However, the speed of response is the new competitive edge. Managing risk, creating value and being agile enough to respond to threats and opportunities is the need of the hour. “Procurement & Supply Chain’s role is changing.” – This is something we hear a lot these days and we keep hearing about transformation & technology to make all our jobs easier. The procurement & supply chain of tomorrow will be leaner, faster and most importantly, self-orchestrated. This unprecedented pace of change will be driven by a few radical technologies such as AI, IOT, Advanced Analytics, Robotic Process Automation, Blockchain etc. Some of the organizations have benefitted enormously from major investment in IT while others still struggle with excel to analyse bids.

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