Not Your Grandfather's Procurement (Part 1)

In Part 1 of a 3-part series, Marcell Vollmer, chief digital officer at SAP Ariba, shares his take on where digital procurement is headed. What is the role of e-procurement in B2B e-commerce and what is the role of the chief procurement officer? Vollmer: Procurement has earned an unfair reputation of being a complicated process, but let's break it down simply here. Procurement's role in B2B e-commerce is to streamline the purchasing process and ensure that businesses get the right goods and services that meet all of their specifications, from a corporate-approved vendor, for the right price. Call this the golden triangle of procurement.