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Procurement in 2019 – some predictions

As I open my laptop this early morning for the to start with time in 2019, I uncovered myself imagining about what we can be expecting from procurement in 2019 and outside of.

Like any prediction, if it is also significantly out I can say everything – and if it is too close, it is almost certainly now right here. So I have centered on the a few critical themes I have noticed firsthand with the shoppers I have worked with over the past few of a long time, as nicely as trends in associated fields this kind of as F&A and HR.

So in this article goes – my predictions for procurement in 2019:

  • There has been a lot of excitement close to robotic method automation (RPA) in the previous two or three a long time, but in 2019 we will see a fact verify on what can (and must) be accomplished with RPA. Organizations will start off to re-glimpse at wherever they can make smarter investments in their existing technological innovation to optimize it.
  • Even though digital will continue to be a vital enabler in the process, there will be far more focus on the wider operating design essential to generate and keep compliance in the method. The workforce to help this will need to have to be re-proficient to aid procurement in a digital world.
  • Blockchain, a buzzword with a trillion opportunity use circumstances, will come to be more mainstream, in particular in areas exactly where have confidence in in the transaction is significant and tricky to regulate. Conversely, blockchain online courses will also push adoption of network transactions with no blockchain online courses, where the trust issue does not warrant the expense.

I wish you all a incredibly Content New 12 months!

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Greg Bateup  has worked with purchasers to deliver business transformation and BPO providers for nearly 30 many years. For the final handful of a long time, Greg has centered on the digital transformation online courses of the resource-to-spend functionality, and how organizations can not only push efficiencies in the procurement function, but also travel compliance and savings.