Table of Contents 1 Table of Contents 2 2 Abbreviations 6 1. Introduction 11 2. Industry 4.0 and Procurement 4.0 14 2.1 Introduction 14 2.2 Industry 4.0 16 2.

3 Procurement 4.0 21 2.3.1 Before the Industrial Revolution. The Procurement 1.0 22 2.3.2 Second Industrial Revolution.

The Procurement 2.0 23 2.3.3 Third Industrial Revolution. The Procurement 3.0 23 2.3.4 Fourth Industrial Revolution: The Procurement 4.

0 24 2.4 Innovation in Procurement Processes 33 2.5 Technology Acceptance Model 36 2.6 Conclusions 38 2.7 Appendix: The Results of the Procurement Survey Digitization: Prospects and Opportunities 39 2.7.1 Introduction 39 2.7.

2 What areas have been digitized within an organization, with reference to production processes? 40 2.7.3 What tools did you use? 40 2.7.4 What are the Benefits Obtained? 40 2.7.5 They are provided to the Procurement digitization plans, if you what processes? 41 2.7.

6 Conclusions 41 3 Processes in Procurement 4.0 42 3.1 Introduction 42 3.2 Structure and Activities of the Procurement Processes 45 3.3 Logistics 4.0 46 3.4 Risk Management in Procurement 50 3.4.

1 Risk Analysis 51 3.4.2 Risk Assessment 52 3.4.3 Mitigation of Risks 52 3.4.4 Monitoring of Risks and Lessons Learned 53 3.4.

5 Digital Transformation and Risk Management in Procurement 53 3.4.6 Skills for Risk Management 54 3.4.7 Global Procurement and Risk Management 55 3.4.8 Resilience and Procurement 4.0 61 3.

5 Procurement Finance 4.0 72 3.5.1 Fintech Finance and Procurement 4.0 74 3.5.2 Innovation and Technology in the Procurement of Financial Services 76 3.6 Conclusions 78 4 Platforms for Procurement 4.

0 79 4.1 Introduction 79 4.2 E-Procurement 80 4.2.1 Cloud Computing 84 4.2.2 The Mobile 85 4.2.

3 Procurement Process Intelligence 86 4.2.4 Collaboration 87 4.2.5 A Generalized Model for e-Procurement 87 4.2.6 Benefits and Challenges 90 4.3 IoT 91 4.

3.1 IoT Architectures 92 4.3.2 Application areas 93 4.3.3 Efficiency Improvement with the IoT 95 4.3.4 Partnership with the Internet of Things 96 4.

4 Blockchain 96 4.4.1 Blockchain in Procurement 98 4.5 Digitization of the Contracts Life Cycle 101 4.5.1 Introduction 101 4.5.2 Smart Contract 101 4.

5.3 Basic Functions of Smart Contract 103 4.5.4 The CLM Software Applications 104 4.5.5 The Benefits of CLM 104 4.6 Procurement Support to the Procurement Process Intelligence 105 4.6.

1 Digitize and Lean Procurement 105 4.6.2 Procurement Process Intelligence Components 108 4.6.3 Technology 112 4.7 Cognitive Procurement 113 4.8 Robotic Process Automation 115 4.9 Analytics and Big Data 117 4.

10 Mobility and Procurement 118 4.11 Privacy and Security 120 4.12 Conclusions 121 5 People in Procurement 4.0 124 5.1 Introduction 124 5.2 Path of change 124 5.3 4.0 Training 125 5.

3.1 Why 126 5.3.2 What 126 5.3.3 Who 127 5.3.4 When 127 5.

3.5 Where 127 5.3.6 how 127 5.4 Conclusions 128 6 Partnership in Procurement 4.0 129 6.1 Introduction 129 6.2 Procurement in Team 129 6.

2.1 People and Organization 129 6.2.2 Process 130 6.2.3 Platforms 130 6.2.4 Security 131 6.

3 Rating Partners in Procurement 4.0 132 6.3.1 Internet of Things (IoT) 132 6.3.2 Big Data 133 6.3.3 Artificial intelligence 133 6.

3.4 Mobility 133 6.3.5 Cloud Computing 133 6.4 Conclusions 134 7 Future of Procurement 4.0 135 7.1 Introduction 135 7.2 Scenario 135 7.

3 Four Ps of Procurement Management 136 7.3.1 Platforms 136 7.3.2 Processes 139 7.3.3 People 140 7.3.

4 Partnership 140 7.4 Green Procurement 141 7.4.1 Procurement Sustainability 141 7.4.2 New Technologies for the Green Procurement 142 7.5 Conclusions 145 8 Conclusions 146 Glossary 147 Reference 165 Siti Web 175.