Procurement 4.0 (or Purchasing 4.0) describes the shift from sequential, email-driven sourcing to synchronized, data-rich, AI-augmented events. The headline change isn’t automation of existing work — it’s the ability to run negotiations that simply weren’t possible before: live, multi-criteria, multi-supplier, fully transparent.
Lexicon entry
Procurement 4.0
A label for the application of digital, AI, and real-time data to traditional procurement workflows — the Industry 4.0 idea applied to sourcing.