Readiness for the digitalization of procurement in the private sector of Bangladesh
This dissertation is submitted in partial fulfillment of the requirements for the degree of Masters in Procurement and Supply Management, 2020.
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Brac University
2021
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10361-149382021-08-04T21:01:20Z Readiness for the digitalization of procurement in the private sector of Bangladesh Roy, Nirbachita Hoque, Mosta Gausul Brac Institute of Governance and Development, Brac University Industry 4.0 Digitalization Internet of Things Blockchain Artificial Intelligence Robotic Process Automation Big Data This dissertation is submitted in partial fulfillment of the requirements for the degree of Masters in Procurement and Supply Management, 2020. Cataloged from PDF version of dissertation. Includes bibliographical references (pages 45-51) Earlier, procurement was just a small support function catering to an organization's direct and indirect buying needs. However, over the last few years, it has transitioned into an integral part of an organization, with the contributions gaining more interest and importance. Companies are competing against one another and investing increasingly in technology enablers to adapt the best practices of procurement and stay ahead in the market. Digitalization is the new buzz word, and it is identified as a critical success factor in winning in today's competitive market. It promises to create an interconnected and transparent ecosystem amongst firms, suppliers, and customers with benefits in traceability, better decision making, efficiency, risk management, accuracy, speed, and end-to-end integration, among others. After studying several papers, it was identified that globally, Artificial intelligence, Internet of things, and Robot process automation are the leading technologies in the future of procurement. A similar study was replicated for the private sector of Bangladesh to understand if Bangladesh is ready for the technological wave through a survey conducted on procurement professionals, with 40% of them having over 8 years of experience. Although the digital revolution is at an early stage, advents such as Blockchain is already in place. Applications in the fields of AI, Robotics, and 3D Printing are believed to come in the longer term. There are opportunities to identify and prioritize capability building as a lever for adapting technological advancement. Moreover, as the literature suggests, the applications of Digitalization are beyond using the ERP solution, e-sourcing, e-auction, catalog buying and data analytics, which are some of the current practices in the country. Hence, it is of great importance that the management has a vision for the Digitalization, keep up with the upcoming trends from developing countries and go ahead in implementing them in their respective organizations. Nirbachita Roy M. Procurement and Supply Management 2021-08-04T05:47:23Z 2021-08-04T05:47:23Z 2020 2020-10 Dissertation ID: 18182006 http://hdl.handle.net/10361/14938 en_US Brac University dissertations are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. 58 Pages application/pdf Brac University |
| institution |
Brac University |
| collection |
Institutional Repository |
| language |
en_US |
| topic |
Industry 4.0 Digitalization Internet of Things Blockchain Artificial Intelligence Robotic Process Automation Big Data |
| spellingShingle |
Industry 4.0 Digitalization Internet of Things Blockchain Artificial Intelligence Robotic Process Automation Big Data Roy, Nirbachita Readiness for the digitalization of procurement in the private sector of Bangladesh |
| description |
This dissertation is submitted in partial fulfillment of the requirements for the degree of Masters in Procurement and Supply Management, 2020. |
| author2 |
Hoque, Mosta Gausul |
| author_facet |
Hoque, Mosta Gausul Roy, Nirbachita |
| format |
Dissertation |
| author |
Roy, Nirbachita |
| author_sort |
Roy, Nirbachita |
| title |
Readiness for the digitalization of procurement in the private sector of Bangladesh |
| title_short |
Readiness for the digitalization of procurement in the private sector of Bangladesh |
| title_full |
Readiness for the digitalization of procurement in the private sector of Bangladesh |
| title_fullStr |
Readiness for the digitalization of procurement in the private sector of Bangladesh |
| title_full_unstemmed |
Readiness for the digitalization of procurement in the private sector of Bangladesh |
| title_sort |
readiness for the digitalization of procurement in the private sector of bangladesh |
| publisher |
Brac University |
| publishDate |
2021 |
| url |
http://hdl.handle.net/10361/14938 |
| work_keys_str_mv |
AT roynirbachita readinessforthedigitalizationofprocurementintheprivatesectorofbangladesh |
| _version_ |
1814309121476788224 |