Tuesday Aug 27, 2013

Is Procurement Automation Effective? What Procurement Leaders Say

Is Procurement Automation effective?  Well that depends on if you are a Procurement Leader or content to be less than stellar.  According to a recent study by IBM, The 2013 Chief Procurement Officer Study, top performers found Procurement technology solutions to be between 97-99% effective depending on the solution.  Most compelling was Supplier Relationship Management (SRM) with 94% of top performers finding SRM to be Above Average or Excellent in effectiveness followed closely by Contract Management.

The conclusion by IBM, "Top performers are, by a considerable margin, more adept than underperformers is using procurement technologies."

How can procurement technologies help you to become a top performer? 

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A Blog about how Oracle helps organizations transform their supply chains into more holistic and integrated value chains that cover the three key operational pillars; Demand, Supply and Product.

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