By: Mickey North Rizza
Can you imagine a business world without Procurement? Some of you say, “it is possible” and others are a firm, stubborn, “No.”
It’s possible to have a world without Procurement. In the future Procurement may be replaced by technology that predicts the right buyer/supplier relationships, selects the relationship, monitors the progress and outcomes, and resolves issues that might occur. In today’s world technology is starting to replace much of our everyday processes, both consumer and business processes. Think about it in terms of consumer – I now do my mortgage and banking online, with my computer or smart device vs. going to the bank, starting a relationship, opening an account and working directly with the banker to set up the mortgage. While my relationship is very important to the bank, the managing of it and customer service can all be done by technology with little touch by the bank and me.