Procurement excellence is the benchmark for procurement processes. Among the several steps that can lead an organisation towards procurement excellence, digitalisation is one of the most impactful factors. The importance of procurement excellence can be understood by discerning the reasons why businesses are unable to effectively conduct procurement. Looking at the impact of digital procurement on procurement excellence shows how businesses can avoid these mishaps and establish a streamlined process.
Procurement excellence is the modification and enhancement of the present procurement strategy. It is an objective placed by firms seeking profitability, lower costs, and enhanced efficiency.
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