
In the previous blog we spoke about how investing in wrong technology can affect rather than boost procurement performance, using a case study.
Taking the case ahead, in this blog we would like to highlight on the kind of technology the leading global manufacturing giant should have invested in.
Procurement technology is meant to reduce human effort, shorten the cycle time and at the same time improve the accuracy and effectiveness of procurement teams. The technology should be responsive and flexible enough to accommodate user needs leading to higher user adoption rate. It should also be compatible with other source systems that the organization may be using and have a fast but well planned roll out schedule.
The manufacturing giant should have looked for solutions that;
To part with, analyze your organization requirement and search for technology that best meets your requirement. Sit for technology demos, spend time doing research.Take time and invest rightly!
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