| Issue |
SHS Web Conf.
Volume 115, 2021
Current Problems of the Corporate Sector 2021
|
|
|---|---|---|
| Article Number | 01002 | |
| Number of page(s) | 7 | |
| Section | Corporate Problems in the Digital World | |
| DOI | https://doi.org/10.1051/shsconf/202111501002 | |
| Published online | 14 July 2021 | |
Procurement Transformation in Digital World
University of West Bohemia, Faculty of Eonomics, Department of Finance and Accounting, Univerzitni 22, 306 14 Pilsen, Czech Republic
* Corresponding author: astankov@fek.zcu.cz
Technological development and progress in digitization permeate all areas of life, of course not excluding companies and their activities and individual business processes. In this paper, we focus on the area of corporate procurement as one of the key areas for fulfilling corporate goals and its transformation in the age of digitalization. The paper aims to identify the changing function of procurement and possible opportunities of digitalization for the development of procurement and its role in organization. As the results shown, procurement is a value-creating process that is changed by the digitalization. It is moving from a traditional focus on cost reduction to value creation through dynamic cooperation and building relationships with business partners. Procurement is beginning to play an increasingly strategic role in organizations. It becomes a partner to support business efficiency and the creation of new business models.
© The Authors, published by EDP Sciences, 2021
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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