What Is Hybrid Procurement?
What is hybrid procurement? It is an extension of elastic procurement™. We’ve written about elastic procurement™ here: Elastic procurement™ is a delivery model that is to Big Procurement technology systems what cloud computing was to the corporate data center. It lowers costs, eliminates complexity, and empowers staff. What does this mean? Most companies don’t use procurement technology from one of the large incumbent vendors. They’re expensive to carry with large fixed costs. They’re difficult to use.