Cost
reduction continues to be the primary concern of every business. The procurement solution India is likely to
see the following supply management trends in 2018.
1 Emerging technologies will be as exciting:
Some
of the trending technologies will continue to amaze though a few may fade away
being superseded
2. More transparency:
The
procurement solutions India will
have a broader yet stricter approach. Consumers will be provided with the
information that they want about the source and origin of the raw material
produce.
3. More
control and high level of audits:
The
need for stricter audits is necessitated after the experience of volatility and
uncertainty in supply management in several quarters due to the changing
geopolitical environment.
4. Cybersecurity:
The
frequent and vigorous cyberattacks is a concern for all. It will be the primary
issue of every debate and discussion with focus on looking for cybersecurity
solutions.
5. Deviate from the trend:
Although
new trends are available, the supply chain departments still are continuing
with the common practices of procuring supplies from the lowest quoted
supplier.
The
procurement services India approach
will be to expose the loopholes of the competition and educate consumers on value
and quality and not merely let price be the main factor.
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