Dr. Engelbert Wimmer

Procurement in the Digital Value Ecomomy.

Dr. Engelbert Wimmer

Procurement in the Digital Value Ecomomy.

Have you started purchasing in full HD colour - or are you still working in Black and White?

CONTENT

As digital networking expands, the pressure to innovate increases, and development processes continue to accelerate, procurement organisations need to change to meet the new challenges. That means moving out of the era of “black and white” purchasing into full HD colour spectrum. In future, procurement organisations will need to grow from their current auxiliary role as buyers and auctioneers into relationship managers who create value as networked innovation scouts and coordinators of digital eco-systems. This represents a far-reaching transformation – and a crucial one inasmuch as 70% of digital innovations in industry are delivered though the supply chain.

Classic supply chain functions are at the forefront of business areas feeling the pressure to adapt as digitisation gathers pace. As demands increase in a resource-scarce environment, so too does complexity arising from new technologies, expanding thematic breadth accompanied by increasingly deep involvement, and ever more dynamic business models; that all of this is happening while the operative workload remains heavy barely needs mentioning. Yet precisely in this intensely challenging period, procurement organisations need to make the transition from their classic role as simple buyers to playing a proactive part interfacing between internal and external partners. We explain the necessity of this transformation from a purely operative organisation into a truly strategic innovation network with our five drivers of change in procurement.

THE AUTHOR

Dr. Engelbert Wimmer is founder and CEO of e&Co. AG, with over 16 years of experience as a consultant in the manufacturing industry - mainly in the automotive and aviation industries; profound expert in comparing European and Asian methods in the car industry; deep process understanding of the automotive product development process and sales / after sales; sound expertise in organisational development and change management; expert for multidisciplinary IT strategies (organisation, sourcing and governance) and digitisation (interface between business and IT); visionary for future mobility concepts, services and strategies as well as sought-after consultant for the digital transformation of the automotive industry