Abstract
While global sourcing arrangements are highly complex and usually represent large value to the partners, little is known of the use of e-contracts or smart contracts and contract management systems to enhance the contract management process. In this paper we assess the potential of emerging technologies for global sourcing. We review current sourcing contract issues and evaluate three technologies that have been applied to enhance contracting processes. These are (1) semantic standardisation, (2) cognitive technologies and (3) smart contracts and blockchain. We discuss that each of these seem to have their merit for contract management and potentially can contribute to contract management in more complex and dynamic sourcing arrangements. The combination and configuration in which these three technologies will provide value to sourcing should be on the agenda for future research in sourcing contract management.
Original language | English |
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Title of host publication | Digital Technologies for Global Sourcing of Services - 14th International Workshop on Global Sourcing of Information Technology and Business Processes, Global Sourcing 2019, Proceedings |
Editors | Ilan Oshri, Julia Kotlarsky, Leslie P. Willcocks |
Publisher | Springer |
Pages | 82-92 |
Number of pages | 11 |
ISBN (Print) | 9783030668334 |
DOIs | |
Publication status | Published - 10 Jan 2021 |
Event | 14th International Workshop on Global Sourcing of Information Technology and Business Processes, Global Sourcing 2019 - Obergurgl, Austria Duration: 18 Dec 2019 → 21 Dec 2019 Conference number: 14 |
Publication series
Name | Lecture Notes in Business Information Processing |
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Volume | 410 |
ISSN (Print) | 1865-1348 |
ISSN (Electronic) | 1865-1356 |
Conference
Conference | 14th International Workshop on Global Sourcing of Information Technology and Business Processes, Global Sourcing 2019 |
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Country/Territory | Austria |
City | Obergurgl |
Period | 18/12/19 → 21/12/19 |
Keywords
- Cognitive technology
- Contracts
- E-Contracting
- Global outsourcing
- Semantic standards
- Smart contracts
- 22/3 OA procedure