Oracle Supply Chain Management Blog

Is Procurement Automation Effective? What Procurement Leaders Say

August 27, 2013 By: Dan Ashton

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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