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Published in:

Volume 7 Issue 9
September-2020
eISSN: 2349-5162

Unique Identifier

JETIR2009143

Page Number

1059-1063

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Title

EMINENCE OF DIGITAL PROCUREMENT IN THE NEW NORMAL

ISSN

2349-5162

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"EMINENCE OF DIGITAL PROCUREMENT IN THE NEW NORMAL", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.7, Issue 9, page no.1059-1063, September-2020, Available :http://www.jetir.org/papers/JETIR2009143.pdf

Abstract

The term Digital Procurement is gaining momentum in this “New Normal” resulted out of disruptions caused by Covid-19. The Pandemic has created extraordinary challenges across all wakes of life including supply chain management. Extraordinary situation demands extraordinary measures and organizations are now keenly working on the digital transformation of their procurement process. Studies showed that Organizations which are already into digital procurement platforms were able to withstand the impact of the current crisis in a better way when compared to others who are not fully equipped with digitization. Moreover Digital procurement helps organizations to transform Procurement from a transaction level activity to a strategic business planning level through the application of Artificial Intelligence (AI), Machine Learning, Data Analytics and Internet of Things (IOT) This paper highlight the eminence of Digital Procurement in the “New Normal” and it’s potential to transform Procurement process.

Key Words

Covid-19, Digital Procurement, New Normal, E procurement, Strategic Procurement

Cite This Article

"EMINENCE OF DIGITAL PROCUREMENT IN THE NEW NORMAL", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 9, page no. pp1059-1063, September-2020, Available at : http://www.jetir.org/papers/JETIR2009143.pdf

Publication Details

Published Paper ID: JETIR2009143
Registration ID: 300972
Published In: Volume 7 | Issue 9 | Year September-2020
DOI (Digital Object Identifier):
Page No: 1059-1063
ISSN Number: 2349-5162

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Cite This Article

"EMINENCE OF DIGITAL PROCUREMENT IN THE NEW NORMAL", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.7, Issue 9, page no. pp1059-1063, September-2020, Available at : http://www.jetir.org/papers/JETIR2009143.pdf




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