The Evolving Role of Procurement in a Digitized World

By Dennis Bouley

May 09, 2017 at 10:01 AM

Digitization is redefining the boundaries and expectations for procurement.  We see it every day in the growing use of digital technologies to generate revenue, improve partnerships, and replace/evolve processes.  Now, more than ever, purchasing and procurement are essential to helping companies refine their competitive edge and to thrive in this new digital age.  By seizing the moment and leveraging the potential of digitization, procurement stakeholders will exert a larger influence on corporate decision-makers and on their investment plans.

The sheer volume of data being gathered, stored, analyzed and connected is changing the way that business decisions are made.  Digitization-inspired trends like the Industrial Internet of Things (IIoT) are acting as powerful enablers in the hands of purchasing and procurement teams. These trends are reinventing the way suppliers, purchasers and end customers interact. In this new world order, those who learn to master the nuances of this new relationship between data, analysis and revenue generation will be the winners. Success in this data-driven environment will require a new level of understanding both of how the market behaves and of which sets of skills are necessary to thrive.

Our mission at MyPurchasingCenter.com is to serve as your primary purchasing and procurement market resource partner. We want to present information that is insightful. We want your knowledge to boost your value as an employee within your organization.  As you evolve through the various phases of your purchasing/procurement career, we want to make sure you excel, particularly during this period of important technology breakthroughs.

As a forum for the intelligence and experience of our content contributors and web site visitors, MyPurchasingCenter.com will continue to act as a thought leader and trusted advisor, building our collective confidence and experience as we navigate through these uncharted waters.

Accomplishing these goals will require a commitment on the part of both MyPurchasingCenter.com staff and our supporting content contributors to work differently.  This commitment will mean sharing information in ways that were not possible before, such as leveraging a wide variety of social media channels. It means widening our community of members and adding new voices from other important related business functional areas (like IT) to provide perspective and insight.

As Editorial Director of the MyPurchasingCenter.com site, I’ll be seeking content that explains how to simplify and streamline procurement business processes, and how to leverage technology and data in innovative ways to grow business.  I will lead the charge in the only way I know how: by bringing to the table a set of skills that facilitates communication and that fosters a collaboration of ideas. It’s an exciting time to be part of the procurement and purchasing world. Contribute your thoughts, ideas and leadership and help us to help you promote our profession and our community.

Sincerely,

 

Dennis Bouley

Editorial Director - MyPurchasingCenter.com



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Dennis Bouley

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Dennis Bouley is Editorial Director of MyPurchasingCenter.com and special advisor to MediaSolve Group, a strategic B2B marketing services firm focused on helping companies and institutions leverage the web and social media to achieve business goals. He spent 18 years at Schneider Electric as Managing Editor of Global Publications, and was responsible for cross-division management of the corporation’s white paper and customer success story processes. Prior to that, he spent 10 years working for IBM managing both small and large accounts. He holds a Bachelor of Arts in Journalism from the University of Rhode Island and holds a Certificat Annuel from the Sorbonne in Paris, France. 


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