Introduction
In recent years, procurement professionals have implemented various technology integrations into purchasing processes. In this chapter, we will discuss the active modernization of public procurement by adopting e-procurement systems, blockchain, artificial intelligence, and group purchasing, aiming to bolster efficiency and transparency.
Learning Objectives
Upon successful completion of this chapter, you will be able to:
- Understand various technology tools and their impact on public procurement strategy.
- Understand the use of blockchain technology in data transactions and e-procurement.
- Define the usefulness and application of innovative tools.
- Understand the advantages, disadvantages, and obstacles of group purchasing.
Public Procurement Playbook
Watch this video to learn more about electronic sourcing and procurement.
Source: ControlHub. (2023, May 17). E-Sourcing and E-Procurement: Your Superheroes for Streamlined Business Efficiency [Video]. YouTube. https://www.youtube.com/watch?v=B4EfBYDPtX4
