Digital Procurement is a Top Priority for Manufacturers (.PDF Download)

May 3, 2023
New study reveals that 59% of manufacturers believe modernizing their business processes is the most important reason to invest in digital procurement technology.

As the technology that helps improve and streamline the procurement process, digital procurement tools help organizations make better purchasing decisions, gain efficiencies, automate repetitive tasks and reduce costs. E-procurement platforms provide a centralized “hub” for organizations to source, bid on and award contracts, for example, while supplier relationship management (SRM) systems help organizations track supplier performance, manage contracts and resolve disputes.

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