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style=\"font-weight: 400;\">One industry that is ready for more touchless technologies is procurement. This includes platforms that can help buyers utilize the power of data analytics as well as solutions that can help procurement be more efficient and automated procedures.\u003C\u002Fspan>\u003Cspan style=\"font-weight: 400;\">Adopting touchless technology aids procurement departments in lowering error and rework rates, increasing process control and transparency, finding lost or forgotten documents quicker, and expediting the PO creation and purchase process. These advantages work together to create a procurement process that is more effective and optimized.\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Ch2>\u003Cstrong>Automating Routine Work\u003C\u002Fstrong>\u003C\u002Fh2>\r\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">A touchless supply chain, according to Manufacturing.net, functions with little to no human involvement. As a result, it necessitates a significant departure from conventional, labor-intensive procurement structures. The article notes that \"traditionally, supply chains have demanded a tremendous deal of cognitive brain-power and control.\" Human employees have been present at every stage of the chain, carrying out duties and supervising the chain's efficient operation. Numerous worker hours have been lost due to this supply chain mismanagement. \u003C\u002Fspan>\u003Cspan style=\"font-weight: 400;\">A touchless supply chain automates back-office tasks like PO generation to the point where people are no longer required to do each step manually. A touchless automation platform can be built to cause issues, just as other platforms, enabling procurement to manage by exception (versus having to individually review all steps along the way). By doing so, human error is reduced and the procurement department is free to concentrate on initiatives with higher added value.\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Ch2>\u003Cstrong>Initial Adopter\u003C\u002Fstrong>\u003C\u002Fh2>\r\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">Computer Weekly describes how one airline logistics supplier in Singapore recently implemented a touchless procurement program designed to eliminate inefficiencies from the purchase order creation process in \"How SATS is streamlining procurement.\" The business is presently putting in place an e-procurement platform that, once integrated with its enterprise resource planning (ERP) platform, will enable it to boost supply chain synergies.\u003C\u002Fspan>\u003Cspan style=\"font-weight: 400;\">For instance, demand planning and e-procurement can be used to initiate the purchase of commodities in the event of an emergency (i.e., when key supplies from a specific country are cut, like what we saw during the early stages of the pandemic). \u003C\u002Fspan>\u003Cspan style=\"font-weight: 400;\">The adoption of automated technology will continue to be crucial for user safety, convenience, and transaction timeliness as society attempts to return to a normal work structure. Private offices, common rooms, and shared workstations are all being reinterpreted in traditional office space. \u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-weight: 400;\">We offer multiple \u003Ca title=\"procurement training courses and programs\" href=\"https:\u002F\u002Finvesttrainingcenter.com\u002Fen\u002FSearch?categories%5B0%5D=25\">courses in Procurement \u003C\u002Fa>. Start you development journey now!\u003C\u002Fspan>\u003C\u002Fp>",{"image_url":307,"image_alt":308,"alt_text":307,"meta_title":285,"meta_description":309,"canonical_url":307,"schema_json":307,"include_in_sitemap":232,"robots_index":232,"robots_follow":232,"robots_advanced":307,"og_title":307,"og_description":307,"og_url":307,"twitter_card":310},null,"SeoMetadata image","One industry that is ready for more touchless technologies is procurement.","summary",[],"blogs.retrieved",{"data":314,"code":279,"status":280,"message":339},[315,319,323,327,331,335],{"id":316,"title":317,"slug":318},28,"Executive Leadership & Senior Management","executive-leadership-and-senior-management",{"id":320,"title":321,"slug":322},30,"Leadership Development","leadership-development-2",{"id":324,"title":325,"slug":326},29,"management skills","management-skills",{"id":328,"title":329,"slug":330},18,"Human Resources & Talent Management","human-resources-and-talent-management",{"id":332,"title":333,"slug":334},21,"finance and accounting","finance-and-accounting",{"id":336,"title":337,"slug":338},32,"risk, governance, and compliance","risk-governance-and-compliance","message.Categories have been retrieved successfully"]