Purchasers warned of technological ‘perfect storm’

Blockbuster passed up the opportunity to buy Netflix, said Thijs Stalenhoef, senior director of enterprise products at Tradeshift. © Carmen Valino Buyers have been warned of a “perfect storm” of technological disruption that will force change in the profession. Thijs Stalenhoef, senior director of enterprise products at Tradeshift, said the effect of technology on procurement over the next 10 years would be unlike its previous impact, which had essentially cut transaction costs by “3 to 5 per cent a year”. Speaking at the CIPS Annual Conference in London, Stalenhoef said: “We have had 10 good years of IT. It has led to traditional thinking: 3 to 5 per cent optimisation a year. Cutting transaction costs has been the mainstay of IT for quite a while.” However, he said innovations including…


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