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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