The changing technology trends in Procurement function
                     TH
5E DECADEof Procurement Function & 
SNOW!
Procurement in 1970
During this time the procurement function regained its prominence as a 
strategic business  function. Trained Procurement professionals raised up the 
bars for better material  management and competitive bidding to get the best 
supplier cost was a high trend.
TH
5E DECADEof Procurement Function & 
SNOW!
Procurement in 1980
Regular spend analysis started which paved the way for increased supplier 
competition.  Reducing the number of suppliers and getting the most out of 
limited supply partners  was the new focus in the 80s.
TH
5E DECADEof Procurement Function & 
SNOW!
Procurement in 1990
Supplier relationship management gained importance in early 90s, and 
long-term  contracts were the new basis which businesses started 
opting for. Indirect spend  analysis came up as the new trend here.
TH
5E DECADEof Procurement Function & 
SNOW!
Procurement in 2000
The 21st century's first decade commenced for suppliers as strategic 
partners,  Strategic sourcing and automated spend analysis with smart 
systems were slowly  gaining importance.
TH
5E DECADEof Procurement Function & 
SNOW!
Procurement in 2010
It was high time to discover the smartest ways to ease the Procurement 
business function,  with automated systems to store and avail data and reports 
in the best formats. Various  businesses preferred on-premise software with sap 
engineers to play a vital role in the  process along with procurement 
professionals.
NOW 
The modern procurement process has proved to be the saviour for 
?businesses.  Procurement managers are now playing a wide range of functions and procurement  leaders are now C-level executives and known as CPOs.
Global competition and changing consumer needs made smart cloud-
based  technology the new fashion for procurement that streamlines the 
process straight  from sourcing to payment.