A Risk-Aware Approach to Digital Procurement Transformation

Željko Dudić (), Vijoleta Vrhovac, Srđan Vulanović, Dušanka Dakić, Irma Erdeji and Veselin Perović
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Željko Dudić: Department of Industrial Engineering and Engineering Management, Faculty of Technical Sciences, University of Novi Sad, Trg Dositeja Obradovića 6, 21000 Novi Sad, Serbia
Vijoleta Vrhovac: Department of Industrial Engineering and Engineering Management, Faculty of Technical Sciences, University of Novi Sad, Trg Dositeja Obradovića 6, 21000 Novi Sad, Serbia
Srđan Vulanović: Department of Industrial Engineering and Engineering Management, Faculty of Technical Sciences, University of Novi Sad, Trg Dositeja Obradovića 6, 21000 Novi Sad, Serbia
Dušanka Dakić: Department of Industrial Engineering and Engineering Management, Faculty of Technical Sciences, University of Novi Sad, Trg Dositeja Obradovića 6, 21000 Novi Sad, Serbia
Irma Erdeji: Faculty of Business Economics, Educons Unversity, Vojvode Putnika 87, 21208 Sremska Kamenica, Serbia
Veselin Perović: Department of Industrial Engineering and Engineering Management, Faculty of Technical Sciences, University of Novi Sad, Trg Dositeja Obradovića 6, 21000 Novi Sad, Serbia

Sustainability, 2024, vol. 16, issue 3, 1-19

Abstract: As the digital procurement transformation continues to evolve, it is crucial to adopt a risk-aware approach to ensure successful outcomes. This paper delves into the necessity of a risk-aware approach to digital procurement transformation, specifically focusing on the role of professional procurement management and the significance of supplier partnerships in the digital environment. The research aimed to examine the critical role of risk management in the digital transformation of procurement. A total of 318 respondents from Serbia participated in the study. The role of professional management in procurement must encompass risk management to guarantee success in digital procurement transformation. Furthermore, the study identified that adequate preparation, information, and training for individuals involved are crucial for a seamless transition to digital procurement. The digital transformation of procurement contributes to sustainability by enhancing efficiency, transparency, and collaboration across the supply chain, ultimately fostering environmentally conscious practices and responsible resource management. In summary, the research underscores the need for a comprehensive and risk-aware approach to digital procurement transformation, considering the pivotal roles of procurement professionals, supplier partnerships, and the integration of new technologies.

Keywords: risk management; procurement; digital transformation; supplier; digital tools; training (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
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