Procurement 4.0 – h&z framework
There has been a great deal of debate about how the ongoing march of technology might undermine our way of life; with robots stealing our jobs, computers driving our cars and artificial intelligence (AI) systems surpassing human intelligence on their way to taking over the world. Industry 4.0, or the fourth industrial revolution, is well underway. There is a lot of talk surrounding this latest industrial trend where digital technologies, such as cyber-physical systems, the Internet of Things, cloud robotics, 3D printing, sensor technology and big data, are dominating the agenda and reshaping industries and the way we work.
But how does that effect Procurement?
Digitization might be enabler and driver of Procurement 4.0, but it is far too short-sighted seeing Procurement 4.0 as just a digitized function. Even though the 4.0-echo within the Procurement community is excitingly high, no clear vision has been developed yet describing meaning and impact of Procurement 4.0.
Our book “Procurement 4.0 – A survival guide in a digital, disruptive world” provides insights and guidance on how to best face the current and upcoming challenges for procurement organizations. Four distinct dimensions form the h&z Procurement 4.0 framework addressing and reacting to business needs of the future: Competing value chains, co-creation, leadership and digital transformation.
Interested to get a first glance of Procurement 4.0?