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Home » Blog » Procurement Technology » Procurement in a Galaxy very very near you: How Yoda’s teachings apply to your procurement processes. (Part 4)

Procurement in a Galaxy very very near you: How Yoda’s teachings apply to your procurement processes. (Part 4)

Procurement in a Galaxy
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“Size matters not. Look at me. Judge me by my size do you?”―Yoda to Luke (The Empire Strikes Back)

As Yoda talks about the substance and not the size that matters, it holds for your spend solution needs as well.

In the Procurement Galaxy: Vendors might sell you their heavy weight solutions capable of doing all sorts of complex yet unnecessary stunts, but you must understand that what addresses your requirement in the most efficient and easy to use solution. Interestingly it addresses one common misconception associated with spend analysis solutions that it is useful for big corporations and Spend Analysis Solutions aren’t of value to SMEs. That’s like saying that SMEs don’t need to cut costs and realize savings. Size doesn’t matter, the visibility in spend at the individual transaction and enterprise level is beneficial for SMEs as well. Spend Analysis and the visibility it gives helps procurement organizations (at size irrespective level) to make smarter and intelligent sourcing decisions. How can streamlining and optimizing the procurement process bring in continued savings in terms of money and time be not something that adds value? The key for SMEs is to understand their Spend Analysis needs and look for a solution that fits their requirement. Do not get caught in the big mumbo jumbo which brings apprehension about the effectiveness of Spend Analysis tools for SMEs.

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