The past two decades have seen significant changes in the business landscape due to advent of new technologies. In particular, the rise of digitalization has disrupted traditional business models and transformed the way organizations operate. For procurements agencies, this means that they have to adapt their ways of working in order to stay relevant and continue delivering value to their stakeholders. In this blog post, we will explore how technology has impacted Thai procurement agencies and what changes they have made in order to stay ahead of the curve.
The increased transparency that technology has brought to procurements has been a godsend in the fight against corruption. In the past, it was all too common for government officials to award contracts to their friends or family members, without any regard for whether or not they were the most qualified candidate. This led to subpar work and increased costs, as contractors knew that they could get away with shoddy workmanship. However, thanks to technology, this is no longer the case.
Now, all procurements are posted online, and interested parties are required to submit their qualifications and bid prices publicly. As a result, it is much more difficult for government officials to engage in corruption, as they can no longer award contracts without going through a competitive bidding process. This has saved taxpayers billions of dollars and has helped to improve the quality of work that is being done on government projects.
The traditional procurement process was often fraught with difficulties, such as lack of transparency and inefficiency. This often resulted in higher costs for procuring entities, as well as a lack of fair competition. However, with the introduction of online platforms and e-procurement systems, all procurements and asia sourcing agent are now conducted in a transparent manner. This has resulted in a more level playing field for all participants, as well as increased efficiency and savings for procuring entities.
Streamline the procurement processes
The use of these platforms has also helped to streamline the procurement process, making it simpler and faster. In addition, online platforms provide a wealth of information that can be used by procuring entities to make better-informed decisions. As a result, the use of online platforms and e-procurement systems is revolutionizing the procurement process, making it more efficient and cost-effective.
Stepping away from traditional paper-based methods
Another change that has taken place is the move away from traditional paper-based methods. With the advent of digital platforms and mobile devices, procuring entities are now able to conduct their procurements entirely online. This not only makes the process more efficient, but also allows for a greater degree of flexibility when it comes to how and when procurements are conducted. Moreover, it allows for a more accurate and up-to-date record keeping of all procurements.
Lastly, technology has also played a role in making procurements more inclusive. In the past, many small businesses were excluded from participating in procurements due to the fact that they lacked the necessary resources and knowledge. However, with the introduction of online portals and training programs, procuring entities have been able to level the playing field and provide opportunities for all businesses, regardless of size or experience.
There is no doubt that technology has had a profound impact on procurement agencies in Thailand. By increasing transparency, moving away from traditional paper-based methods, and making procurements more inclusive, Thai procurement services have been able to keep up with the ever-changing landscape and remain at the forefront of innovation.