When an organization wants to buy goods through suppliers, the procurement officer invites suppliers to submit their bids along with price proposals. She might collaborate with other purchasing specialists in the procurement department to examine the bids and select the most competitive supplier.
DigiTour Media LLC is a touring music and social media festival production company, known for producing the world's first social media tour.
Essentially, supply chain digitization means moving all aspects of a supply chain online, including procurement, invoicing, approval cycles and payment procedures. Ideally, these tasks are all completed in the cloud, because this allows employees to securely access supplier relation history and outstanding requests from anywhere at any time.