In order to stage a digital transformation, procurement needs data that can be strategically and philosophically aligned with the overarching objectives of the enterprise, but also reliable at the most granular level.
In this white paper, titled PROACTIVE SUPPLIER DISCOVERY AND QUALIFICATION: INTELLIGENCE-DRIVEN CATEGORY SOURCING, Buyers Meeting Point Owner and Managing director discusses the business advantages of the Vortal Supplier Scouting Framework.
Risk is ever present in today’s complex business environment. Supply chains, while often visually represented as solidly connected links of steel, are actually more like tenuous webs of demand and intent. For many companies, the supply chain is where they are most susceptible to risk – beyond their direct line of sight and in another organization’s control. It takes very little to disrupt an operation – especially one that is humming along in alignment with high-efficiency principles such as Lean Six Sigma or Just in Time inventory management strategies.
If procurement technology is able to exceed user experience expectations, procurement is immediately elevated. This may not seem fair, but it is the reality of how people accustomed to interacting with technology view the world.
The only limits to the level of innovation that procurement can introduce in the enterprise are the limits of our imagination – and our willingness to put in the work required to see those ideas carried out.