Digital transformation of procurement logistics

Abstract

Aim. The presented study investigates the opportunities and prospects of the digital transformation of procurement logistics.Tasks. The authors describe the essence of procurement logistics; analyze digital technologies used in modern procurement logistics and the effects of their application; determine the prospects for the use of digital technologies in the procurement logistics system.Methods. This study uses systems analysis, induction, comparative analysis, structural and functional analysis.Results. Digital technologies are involved in procurement logistics processes: from data processing using computers to the use of telecommunication technologies for processing and distributing information in digital and other forms. The use of digital technologies in procurement integrated with work on product distribution channels increases the quality of procurement services, reduces inventory and procurement costs. With the help of digital technologies, the relationship between buyers and sellers in the field of procurement has reached a fundamentally new level, with closer interaction and rapid exchange of information on both sides allowing them to make predictions and assess the prospects for collaboration. Thus, it is necessary to intensify efforts aimed at the digitalization of procurement logistics.Conclusions. Investment in the digitalization of logistics processes is a prerequisite for the successful development of any modern organization that wants to maintain its competitiveness in the market. In the modern world, digital technologies in procurement logistics are increasingly spreading, transforming procurement processes. These include cognitive computing and artificial intelligence; intelligent content extraction; predictive and in-depth analytics; logistics platforms; robotics; blockchain; cybernetic tracking.