How the Latest Procurement Technology Enhances Competitiveness in the Manufacturing Industry

Procurement is a core process in the manufacturing industry, and its innovation significantly contributes to enhancing a company's competitiveness. In recent years, new technologies such as blockchain, AI, and 3D printing have begun to be introduced into the procurement field.
With decentralized data management through blockchain, the reliability and transparency of procurement data are dramatically improved. Automation using AI streamlines a series of tasks from requirement definition to price negotiation and contract management. The evolution of 3D printing technology allows for the production of complex-shaped parts quickly and at low cost, making it easier to develop new products in small batches and procure parts.
By wisely utilizing these new technologies, the overall efficiency and flexibility of the procurement process can be achieved. It becomes possible to procure high-quality parts while keeping costs down, which accelerates new product development and enhances the ability to respond to small-lot production. Additionally, the accuracy and visibility of procurement data improve, deepening trust with suppliers and leading to enhanced product development capabilities and competitiveness.
In other words, advanced procurement technologies can bring innovation to the manufacturing site and serve as a vital source of competitiveness. The active adoption and utilization of these new technologies will be key to future development strategies in the manufacturing industry.

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