What's the difference between modern procurement and traditional procurement? Please answer in detail! thank you

The difference between traditional procurement management and modern procurement management lies in the methods of procurement decision-making and the tools used in the procurement process.

Traditional purchasing management is usually based on experience and intuition, and purchasing decision mainly depends on the experience and professional knowledge of purchasing personnel. Modern procurement management pays more attention to the application of data analysis and scientific methods, and adopts data-driven decision-making and procurement process optimization.

The connection between traditional procurement and modern procurement is that they are both methods of procurement management.

In the past decades, traditional procurement management has been the main method of enterprise procurement management, while modern procurement management is a new method due to the development of data analysis and technology in recent years. The experience and intuition of traditional procurement management still have its application scenarios. For example, in the process of purchasing, in case of emergency or irregular purchasing objects, purchasing personnel need to make decisions based on their own experience and professional knowledge.

Generally speaking, traditional procurement management and modern procurement management have their own advantages and disadvantages, and enterprises should choose their own procurement management methods according to specific conditions. However, with the development of science and technology and the improvement of data analysis ability, the application of modern procurement management will be more and more extensive.

Modern purchasing management system

8Manage SRM is a purchasing management software that integrates modern purchasing management concepts and technologies. The system provides a series of tools and functions to help enterprises realize scientific procurement decision-making and procurement process management.