While procurement may seem like a straightforward process, it’s truthfully a complex web of moving parts. Without the proper systems in place, Procurement professionals can often find themselves facing inefficiencies, delays, and missed opportunities for savings. When evaluating how to level up your procurement strategy, consider how procurement orchestration may be the solution. 

Procurement orchestration is, essentially, a way to streamline and improve your entire procurement process. It coordinates all the different procurement actions, information, and people that are involved in the purchasing process for your organization. 

When thinking about procurement orchestration and how to implement a strategy for your business, consider these key benefits:

• Centralized coordination: By bringing all of the procurement steps together — from acquisitions to renewals — in one unified system, you can eliminate the need to switch between different programs and databases. 
  
• Improved efficiency: Through the automation of tasks and workflows, orchestration can save teams valuable time so they can spend it on higher-level strategy.
  
• Better visibility: Gaining a clear view of every aspect of the procurement process will help you better identify roadblocks and make stronger spend decisions. 
  
• Increased cost savings: Negotiate better deals with vendors and reduce shadow IT

Achieving procurement orchestration is a powerful strategy that can help your organization save money, improve efficiency, and gain a competitive edge. To learn more about how procurement orchestration and AI can help you achieve procurement harmony, dive into our comprehensive guide now.