Procurement 4.0 and the Fourth Industrial Revolution

We are living in the middle of a Fourth Industrial Revolution, with new technology leading to dramatic shifts in everything from manufacturing to supply chain logistics. In a lively, developing field of academic, procurement is often neglected. Despite this, procurement plays a vital role, connecting the organization with its ecosystem. At a time of change and economic crisis, a new business model is called for, which this book aims to define.

Based on the applications of Industry 4.0 concepts to procurement, this book describes Procurement 4.0 as a method and a set of tools, helping businesses to improve the value of their products, reduce waste, become more flexible, and address the business needs of the future. It will appeal to academics in the area, as well as practitioners.

Bernardo Nicoletti is Professor of ICT Procurement at the Master in Procurement of the University of Tor Vergata, Rome, Italy. He provides consultancy in Europe and Asia on IT Strategy, Organization and Procurement. Previously he worked for GE Capital, as Group CTO, and AIG, with assignments in Italy, UK, USA and Argentina.

In all his positions, Bernardo has been particularly active in the application of Lean Six Sigma to Financial Institutions. He calls his approach “Lean & Digitize” and over time has developed a specific methodology as a way to reduce costs and improve quality, bringing value to the Business.

He is the author of 20 books on Management. He has been a frequent speaker in International Conferences and published 200 articles in domestic and international Review