Cloud procurement means different things to different people. In this article, we’d like to dispel the dominant myths around implementing cloud‑based products and equip you with information for the decision‑making process.Read More
At this stage of your digital procurement journey you will already have:
- approved the adoption of a cloud procurement solution (Article 1)
- selected the right cloud procurement solution (Article 2)
The next step is to select the right implementation partner to ensure that the solution is designed and adapted to your organisational and IT requirements.Read More
Once you’ve established that it’s time to move to a cloud solution for procurement, (Article 1) you need to research your options. The options can be overwhelming. There are multiple solutions on offer which all promise similar outcomes.Read More
Why is it that business intelligence seems, in many cases, to not add much intelligence into anything a business does?
Let’s first start with the definition of ‘business intelligence’ as commonly acknowledged and accepted:
Business intelligence (BI) comprises the methodologies and technologies used by organisations for the analysis of data with the purpose of turning this data into meaningful information. These analytics typically include generations of reporting, dash-boarding and scorecards.
Many industries face intense pressure to cut costs. Executives everywhere are forced to tighten the budget belts.
Take the mining industry for instance: despite the pressure of cost cutting this industry has to contend with the mandate of safe production at all costs against the backdrop of other challenges such as commodity volatility, labour pressures, skill shortages, cost overrun on capital projects and adhering to stringent compliance criteria.
Those of you who are experts in conducting reverse auctions, would agree that when following the correct sourcing strategy, reverse auction tools can be very powerful in the hands of sourcing professionals. Some of the benefits you may have experienced with reverse auctions are reduced baseline prices, fair and open competition amongst your supply base, greater transparency in your procurement process and speedier ways to source.
The complexities of modern-day competitiveness certainly challenge the traditional business process. Take supply chain for example: it is progressively evolving from overseeing a few disjointed back office functions into a strategic “big picture” leadership role that can radically increase profit margins by up to 22%, according to an IBM CPO study conducted in 2013.