With the Cloud, the CPO’s dream of having a single, (unified cloud-based) procurement platform that will streamline and automate the various procurement processes—spend analysis, contract management, savings tracking, and procure-to-pay—is now a reality. This changes the very equation that a CPO has to deal with by boosting process efficiency and allowing stakeholders to efficiently optimize savings opportunities.
With the Cloud, the CPO’s dream of having a single, (unified cloud-based) procurement platform that will streamline and automate the various procurement processes—spend analysis, contract management, savings tracking, and procure-to-pay—is now a reality. This changes the very equation that a CPO has to deal with by boosting process efficiency and allowing stakeholders to efficiently optimize savings opportunities.
With the increased usage of Mobile and Cloud, Social Media is not far off in this renaissance of sorts in the Procurement space. With the help of built-in social collaboration tools, procurement technology can immensely help procurement teams foster innovation with increased collaboration with suppliers and reduce risk.
Analytics has also gained an important place in the CPO’s office. A procurement technology solution comprising Artificial Intelligence-based analytics and advanced risk management tools, delivers actionable insights to help maximize savings opportunities and mitigate risks before they happen.
At this cusp, APAC CIO Outlook Magazine presents to you “Top 10 Procurement Consulting/Professional Services Providers.” A panel of prominent industry experts and the editorial board has carefully and tediously scrutinized the list. Flip through the pages to understand the value proposition they could bring to your firms. Also interspersed are insights from various leaders in the Procurement space. We hope you enjoy reading this as much as we enjoyed putting this edition together.
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