|
Abstract:
In the age of economic
globalization when the market is becoming more challenging and pervasive,
especially after Covid-19 and the Ukrainian war, businesses are working to
strengthen their management systems and strategies. One of the most important
functions to be considered is procurement, since it represents a key driver of
the value chain that must enhance efficiency and effectiveness. Using emerging technologies to
digitalize procurement function will help companies to provide more
opportunities and gain a competitive edge by focusing more on customers’
requirement and supplier relationship. However, it is crucial to implement a procurement
risk management system to avoid future potential issues and ensure leadership
of companies. The main
purpose of this research is to define the significant role of procurement 4.0
in providing greater flexibility and control over all aspects of the purchasing
process. Moreover, it aims to bring light on the procurement risk management
combined to digitalization. This paper
is based on two real case studies related to: Food industry & Energy
infrastructure industry.
|
