Procurement and the Corona pandemic: Was the digital transformation successful?

For almost a year now, the Corona pandemic has had the global economy firmly in its grip. In spring 2020, it quickly became apparent that Germany was lagging behind when it comes to digitalisation. This is also true for procurement. But what about digital transformation today? Has procurement been able to learn its lessons from the Corona crisis and to live up to the current challenges and requirements?

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Why procurement should focus on digital supplier connectivity​

There is a willingness to automate procurement with the help of software solutions, but the implementation of a digitisation project is often made more difficult by the multitude of existing solutions. So how do you proceed? Checklists can help to pay attention to the right criteria when it comes to the selection. This blog article reveals why the automation solution should enable an uncomplicated and fast digital supplier connection in particular.

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Data quality as a competitive factor

AI and big data are drivers of new digitised business models. But many employees in purchasing do not yet have the right tools at hand to benefit from big data in their everyday work. As a basis, you first have to get a grip on the small data. Read here what role clean data plays in procurement and how artificial intelligence can lead to higher data quality.

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How to find the right eProcurement solution in 3 steps

Process automation in procurement is a key driver of the digital transformation. Procurement is faced with the challenge to professionalise itself and become more efficient, modern and agile. However, the implementation of digitalisation projects in purchasing is often more difficult than expected. One important reason is the sheer mass of electronic tools: From specialists to full-suite providers, there are around 200 digital tools for purchasing on the German-speaking market. Read here how you can find the right software solution for your procurement in just a few steps.

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How to get started with digitisation

The topic of digitisation in companies can no longer be ignored. In fact, it is advancing to become one of the top issues in industry and economy. Therefore, it is important not to leave the topic of digitisation to the IT department alone but to cover all facets of the topic. Procurement in particular plays a central role in digitisation efforts.

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The digitisation of procurement during Covid-19

What are the top topics in procurement in the Covid-19 times? What about the digitisation of purchasing? What role do modern technologies play in managing the current effects of the coronavirus pandemic? For example, how can AI-based software support procurement quickly and efficiently?

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8 facts about the cloud worth knowing

Cloud computing is one of the most important innovative trends in corporate IT, because it is a technology that makes companies modern and future-proof. Software-as-a-Service (SaaS) is the most popular service model and has many advantages over an on-premise solution. Read everything you need to know about cloud computing and the SaaS model here, and learn how you can start the digital transformation in your company with cloud-based solutions.

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Procurement 4.0: Why the modern buyer is a digital buyer

Industry 4.0 has noticeable effects on all functional areas along the value chain. This of course also applies to procurement, which must now set the course for a successful procurement 4.0. As a result, the digital transformation of procurement also contributes to the transformation of the buyer’s job. Read here how you can use digitisation in purchasing and innovative technologies to transform yourself into a digital buyer.

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Procurement 4.0 in SMEs – Does strategic procurement also make sense in SMEs?

New IT technologies promote automation and digitalisation in businesses. However, that also requires companies to rethink. The digital transformation is also of central importance for procurement and supply chain management. For big players, it has long been clear that a digital strategy in purchasing is necessary. But what about SMEs? Is Procurement 4.0 also useful and feasible for SMEs? Or is strategy in procurement only significant for large companies?

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How to establish AI skills in medium-sized companies

AI has great market potential. A joint study by Netfira and the BME has shown that procurement in small and medium-sized companies in particular has so far lagged behind its digital capabilities. With the help of suitable digitisation and automation tools, however, companies can build up AI skills in procurement in just a few steps.

Read here how you can establish AI skills quickly and easily with Netfira.

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Industry 4.0 and procurement

The Corona pandemic tremendously impacts Germany and the entire world. Now, digital operations and platforms as well as automated processes are imperative to enable efficient and secure operations in all areas of society. While a new technological age has dawned, it is becoming clear that the technical possibilities of Industry 4.0 are not a foregone conclusion – the Corona virus and its effects make it clear that there is a need to catch up in terms of comprehensive and overarching digitalisation. For procurement and supply chain management in particular, the 4th industrial revolution and digital transformation are of central importance.

Find out here how Netfira’s software solution enables digital transformation in procurement.

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Procurement as innovation driver

Procurement has the potential to be a driver of innovation in the company. However, all too often this potential is not fully exploited and purchasing has an old-fashioned image. There are many reasons why digital processes have not been established yet. However, with the use of suitable tools for purchasing automation, it can become a pioneer for the entire company. Find out here how to become an innovation driver!

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How AI revolutionises procurement

Artificial intelligence – this word is on everyone’s lips at the moment. AI is often mentioned in the same breath as digitalisation, automation and optimisation. In the 21st century, there is hardly a sphere of our lives in which AI does not play a role. In operational procurement in particular, the use of AI can bring great added value. Find out here why that is and what you need to bear in mind so that AI does not just remain a buzzword but also generates noticeable time and cost advantages.

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