The basic tenets of buying goods and services have not changed
Procurement teams and other purchasing professionals use a standard process to manage strategic purchases. This approach has worked for decades and continues to work today.
But strategic purchases are only one piece of the puzzle
There is a whole spectrum of purchasing decisions that are considered non-strategic. They are happening outside of a centralized procurement office. They are happening locally. And they are too small to justify any exacting human involvement. However, collectively, they are large in number and make up a significant percentage of an organization's spend.