purchasing buying manifestoBased on joint research and production from Vroozi and Spend Matters, we bring you our Declaration of the New Purchasing: A Buying Manifesto.  While the Manifesto can be seen on SpendMatters.com, we’ll continue to explore the themes on Vroozi’s blog.

Technology has a tendency to continuously shape the world around us – and reshape our interactions within it.  This is the basis of the Article 1 of the Declaration:

The Technology we will adopt in our personal lives will be a reflection and extension of ourselves and will migrate to our work, even if it is not supported and embraced by employers.

There can be no doubt that technology has become fully integrated into the fabric of our lives.  It has forever changed how we work, communicate, shop, and explore our world.  And you don’t have to go far to see its impact – just think about the last time you wanted Thai food.  With Yelp, it was easy to find the best place for Pad Thai within walking distance.  You didn’t want a take-out/TV experience, so you checked Moximity to see who was around.  Because the cousin you hadn’t seen a while was only going to be around for an hour, you “called” Uber to get you there immediately.  Oh, and a quick glance at the weather app made you grab your umbrella on the way out.

How easy was that?  And, all of this “intelligent guidance” comes from a device you can fit it your pocket and take with you to answer movie trivia questions while you eat.

Think about what tools you use to go about your day.  Do most of them live right on your smartphone?  You use the same device to communicate with others that you do you look up information, make purchases, or request a service.

In the following weeks, we will explore how modern technology interacts and leads our lives – and how that technology relates to procurement.  The technologies include:

  1. LiquidSpace – your office is no longer confined to where your headquarters are
  2. Starbucks payment app – personal procurement for the on-demand economy
  3. Fingerprint scanning – digitized data, paperless authentication
  4. Wearables – when less is quicker, less is better
  5. Waze – finding your optimal path in an agile business world
  6. Global position system (GPS) – let them locate you
  7. Social media – “always-on” connectivity
  8. Artificial Intelligence – “learning” through predictive data and analysis
  9. Beacon technology – orchestrating supply through demand location
  10. Battery advancement – fewer chargers; more time