Abstract
The global recession has hit hard in many areas and all major functions of organizations have been impacted. Figure 1.1 summarizes some of the challenges organizations face in light of this situation. The importance of developing and managing innovative strategies in the field of procurement is clear. From a historical perspective, procurement has undergone huge transitions, especially in the last decades, in the sense that organizations have had to deal with pressures relating to cutting costs and increasing profits.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsNotes
- 1.
Uusitalo, J. (2019). Strategic Procurement in the Face of Uncertainty. Master’s Thesis. University of Jyväskylä, Finland.
- 2.
Lasi, H., Fettke, P., Kemper, H. G., Feld, T., & Hoffmann, M. (2014). Industry 4.0. Business & information systems engineering, 6(4), 239–242.
- 3.
In this book, the terms ‘supplier’ and ‘vendor’ are not used. These are replaced with ‘partners,’ because if the supply fails both the client and the supplier are damaged.
- 4.
Nicoletti, B. (2017), Agile Procurement. Volume II: Designing and Implementing a Digital Transformation, Springer International Publishing, London, UK, ISBN 978-3-319-61085-6.
- 5.
Nicoletti, B. (2017), Agile Procurement. Volume II: Designing and Implementing a Digital Transformation, Springer International Publishing, London, UK, ISBN 978-3-319-61085-6.
Nicoletti, B. (2017), Agile Procurement. Volume I: Adding Value with Lean Processes, Springer International Publishing, London, UK. ISBN 978-3-319-61082-5.
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2020 The Author(s)
About this chapter
Cite this chapter
Nicoletti, B. (2020). Introduction. In: Procurement 4.0 and the Fourth Industrial Revolution. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-35979-9_1
Download citation
DOI: https://doi.org/10.1007/978-3-030-35979-9_1
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-030-35978-2
Online ISBN: 978-3-030-35979-9
eBook Packages: Business and ManagementBusiness and Management (R0)