Procurement Transformation: The Need For Change Is Now:

The need for procurement to be a more strategic function has never been as important as in this current volatile scenario. The strategic role of procurement as a leader or a support function extends to as diverse areas like developing business in new countries to meeting  regulatory requirements. After witnessing scenes of rising costs and profits spiraling downwards in the past 18 months procurement now needs to go beyond being a catalyst for cost savings and supply chain performance. Instead it now needs to undergo a complete transformation and become a driver in every strategic business initiative.

Connect The Isolated Dots To Achieve The Complete Transformation Picture

Procurement professionals realize this and many organizations have already put processes in place to actualize this transition. Automation has always stood at the forefront of any procurement transformation project, but whether the technological capabilities available have been harnessed to their optimum potential to achieve tangible benefits is a question best left unanswered. Discrete automated solutions implemented in isolation more often than not don’t achieve anything but a marginal increase in operational efficiency. The Holy Grail for any procurement transformation project is an integrated system whereby automated solutions in the entire procurement cycle from market spend analysis of suppliers to the final purchase order creation are brought together in a seamless workflow to achieve organizational strategic procurement goals.


The Right Procurement Automation = the Right Procurement Transformation
Transforming procurement into a more strategic role has been an aim of organizations for the best part of the last decade. Industry experts as well as procurement professionals unequivocally accept that the necessary transformation of procurement processes can be achieved only if there is a shift to automated systems. Operational activities have to be completely transferred to automated systems to enable procurement to focus on procurement strategy driven activities. Ensuring automation of processes like sourcing of commodities to the right suppliers, ensuring compliance to contracts, handling with supplier management and enhancing visibility into organizational spend is the backbone of any transformation initiative which hopes to be more than window dressing. But there also needs to be stress on the fact that these solutions need to be more user friendly and easy to use to ensure maximum value.

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