Tracking Procurement from Industry 1.0 - 5.0

Mankind has been on an industrial evolutionary journey since 1760. Starting with the steam engine, we have progressed through hundreds of years of innovation, advancement, and reinvention. 

Procurement has been there every step of the way, harnessing the power of new technologies and meeting an ever-growing list of challenges and requirements presented to us by company leadership and industry competition.

In this episode of Dial P for Procurement, Kelly Barner takes listeners on a journey through time and the history of procurement:

• Tracking progress from Industry 1.0 through 5.0, looking at how each stage of development and major world events led to the formation of the next stage
• Examining the evolution of procurement in each stage and imagining what it was like before procurement became a defined and established corporate function
• Considering where we are today - a blend of Industry 3.0, 4.0, and 5.0 - and what may be next