Procurement in Industry 4.0

With Industry 4.0, we can break new ground in procurement. It means that both producers and consumers can get products and services faster and easier than before. Industry 4.0 helps us use technology to do things more efficiently. And efficient processes in procurement save significant costs. Digitisation and automation play a key role in this respect.
We can also use technology to improve communication between procurement and suppliers. Thus, the supply chain grows together and becomes more transparent overall.

BENOMIK is the recruitment consultancy of Industry 4.0 - not only in the area of procurement and purchasing. Our database contains executives and experts with a focus on the latest technologies that are crucial for Industry 4.0. On average, we fill open positions in just 12 weeks. Recruitment consultancy, executive search and recruiting from a single source. Tailor-made for Industry 4.0.

Innovation is also crucial in procurement

Industry 4.0 trends in procurement are the Internet of Things (IoT), Big Data, collaborative technologies, sustainability, innovation, risk management and cost reduction. These trends influence the entire procurement function in different ways and will continue to do so in the future. Therefore, the procurement department must be prepared to adapt and manage these changes effectively.

In this context, the Internet of Things (IoT) is one of the biggest trends in procurement. With the advent of connected devices, companies can track their inventory and shipments more efficiently than ever before. This also allows for real-time monitoring and analysis, which can help improve supplier relationships and procurement processes.

Supply Chain Act

Speaking of the supply chain and sustainability - the Supply Chain Act is intended to create a legal framework for improving the protection of the environment, human rights and children's rights in global supply chains. Companies that procure intermediate goods or finished products abroad must take responsibility for production processes and working conditions at their suppliers, trace abuses and prevent or remedy them from the outset or as soon as they become aware of them.

Better supplier management through e-procurement

Another major change in procurement is the move away from traditional methods such as Request for Proposals (RFP). This change is being driven by a number of factors, including the need for companies to be more flexible and responsive to market changes. Using RFPs can often be a time-consuming and expensive process, and it can be difficult to compare different offers. As a result, many companies are now moving to alternative procurement methods such as e-procurement.

E-procurement is an online platform that allows companies to search and compare suppliers, obtain quotes and place orders online. This platform makes it easy to compare different suppliers and find the best deal for your business. In addition, e-procurement can help speed up the procurement process by eliminating the need for paper documents and manual processes. These capabilities significantly improve supplier management.

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Do you need procurement professionals for Industry 4.0? We at BENOMIK can help you find talented and motivated employees for this area and fill positions permanently.