Leveraging Technology To Analyze Suppliers

At present, procurement professionals are leveraging innovative techniques and technologies in order to increase the efficiency and effectiveness of multiple processes within the organization. In the last few years, dependency on technology has increased drastically within areas such as spend analysis, eSourcing, supplier contact management, tail spend management, etc. Thus, the challenge lies in the adequate combination of the recognized technological advancements and their usage.

SOLUTIONS:

Research Report
Research Report“Procurement challenges and motivations” is a research study produced in collaboration with Zycus and MSU. Solution: This research report refers to how to overcome these challenges related to adoption and implementation of EPT (Enabling procurement technologies), Page 13
Whitepaper
WhitepaperThe Ins and outs of supplier networks” is a whitepaper. Solution: This paper talks about SMAC (Social, Mobile, Analytics and Cloud) and Gartner’s hype cycle 2015 in relation to Supplier network-The best big thing, Page 8 and refers to the supplier network of the future- better risk management, robust integration of systems throughout order processing, better performance evaluation and ways to improve, mobility and artificial intelligence, page 14-17.
Whitepaper
Whitepaper“Make procurement smarter with social media” is a whitepaper. Solution: This papers refers to the benefits from social media platforms, page 5.
WEBINAR
WEBINAR“Role of technology in world class procurement performance” is a webinar presented by Mélani Flores, Practice Leader, Procurement Advisory EMEA, The Hackett Group. Solution: This webinar provides solution by talking about technological advancements in the field of procurement and how procurement functions have the opportunity to grab the same and lead the path of excellence.

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