27.9 C
Friday, April 19, 2024
HomeProcurementDigital Technologies for Supplier Innovation

Digital Technologies for Supplier Innovation

Supplier innovation is one part of procurement’s managing supplier strategy. Procurement can use new digital technologies and systematic approaches to make a success of supplier innovation which is digitally manage a more complex supply chain and accelerate the performance of the strategic supplier.

Connect and coordinate suppliers’ information ecosystem to delivers maximum flexibility, visibility, efficiency, collaborative, secure, agile, and sustainable by implementing the right digital tools. Besides that, able to manage suppliers more transparency, and can streamline many processes to improve the productivity of procurement operation.

So, the organization should be trying to more understand the importance of technology for supplier innovation. Once the organization using a digital tool will improve overall efficiency by performing transitionally manual tasks with paperless, help to identify relevant suppliers, and develop an effective working relationship based on business needs.

The full content is only visible to SIPMM members

Already a member? Please Login to continue reading.

Hew Shu Yeng
Hew Shu Yeng
Hew Shu Yeng has substantive years of experience in the field of planning, operation, and sourcing, specifically in the oil and gas industry. She holds a Bachelor's Degree of Entrepreneurship with Honours from the Northern University of Malaysia, as well as a Specialist Diploma in Supply Chain Management from Singapore Polytechnic. Shu Yeng is a member of the Singapore Institute of Purchasing and Materials Management (SIPMM), and she completed the Graduate Diploma in Procurement Management (GDPM) on October 2020 at SIPMM Institute.

Most Read