Revolutionizing Supplier Relationships: How Digitalization is Changing Business Forever
The article discusses how companies can use digital tools to improve relationships with their suppliers. The researchers created a model called "Procurement 4.0" to help manage these relationships better. They found that lack of guidelines and understanding can make it hard to use digital tools effectively. By focusing on key digital touchpoints, companies can shift from traditional to digital supplier management, which can help them overcome future challenges.