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? 

Wednesday Jul 24, 2013

Audience Questions from our Webinar - Key Procurement Issues for 2013: Going Broader and Deeper- Webinar Replay

The response was tremendous to our recent webinar with Chris Sawchuck from The Hackett Group along with Chris Nelms of Ameren.  Lots of great information along with some interesting questions some of which we captured here.  If you are interested in trends and solutions for procurement you need to view the webinar replay here or download The Hackett Group Report: Key Procurement Issues for 2013.  

 Of the borders you discussed: process, geography and information, which presents the greatest challenges? 

Chris Sawchuck: Overall we’ve made good strides in process and geography. Information, it’s the biggest challenge and also the biggest opportunity. The future of procurement is a lot about the information and the intelligence we can provide to our internal stakeholders. Our ability to harness all the aspects and turn that into intelligence that our businesses can turn around and make decisions against. How do we get our arms around all the sources of information that exist in systems both inside our companies and outside our companies as well as with the people? We need to capture this information and use it to enable the business processes that we have.

What were the biggest challenges around implementing your procurement system?

Chris Nelms: The people aspect was the biggest problem. We were able to keep the issues closed which helped. Once we decided on something we didn’t change our mind, despite pushback. That combined with trying to keep everything vanilla without a lot of customization.

What are some of the key ways companies have used to break down geographic borders to implement common processes when underlying legal systems vary greatly?

Chris Sawchuck: What I’ve seen companies do is come together to design processes in a more common way, center led. And it’s important to involve all stakeholders including finance and audit groups along with procurement. And then go out to the business and look for exceptions that can be approved exceptions. Versus having the variables that tend to exist in many organizations.

What approach did you take with suppliers to get them to use your supplier portal?

Chris Nelms: For iSupplier portal it benefits us both. It streamlines the flow and it’s really easy to use. They pick up their PO, they get a pdf of the order. We can reduce the cycle time and pay them within the agreed upon terms. Eventually you start building it into the contracts, you’re going to use iSupplier Portal. 

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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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