The latest news, analysis, trends and solutions regarding sourcing, procurement and supplier relationship management (SRM) and their impact on supply chain management. New technologies in sourcing and procurement are transforming the way companies do business - and allowing them to stay ahead of the competition in their industries. As these solutions continue to evolve, businesses are discovering new ways to increase efficiency, cut costs and build more strategic partnerships. Learn how companies around the world are using sourcing, procurement and SRM solutions for supply chain optimization.
Modern technology has empowered electronics manufacturing and supply chains to span the globe, and yet, many organizations still cling to outdated forms of both sourcing and procurement. Why is that? There’s some level of comfort in the old way of doing things, but even these methods come at their own costs.
Today’s top companies like Amazon, Facebook, Google, and Apple have taught consumers to hold digital experiences in the highest regard. This has led manufacturers to digitize as many elements of their supply chain as possible. Not only does this increase the ease of procurement and sourcing, but it also positions your company as a leader in the growing digital age of manufacturing.
The first step in your digital transformation should be to embrace modern technology. Digital procurement, or E-Procurement, is one such way to bring your outdated processes into the modern era.