In today’s competitive business climate, technology allows companies to accomplish things that seemed like the stuff of science fiction just years ago. Data is accessible in real time, powerful analytics deliver actionable intelligence, and communications span the globe in an instant. The IT teams that implement and manage this technology hold business continuity and competitive advantage in their hands, and the procurement organizations put in place to evaluate solutions, negotiate terms and pricing, and manage solution provider relationships are highly skilled, strategic professionals.
If all of the above is true…
Why do IT and procurement seem to clash so often during new technology evaluations?
NEW YORK AND BOSTON, AUGUST 2, 2016 – ISM-New York announced today that effective August 1st, Kelly Barner will become the Business Survey Chair for the ISM-New York Report on Business. She replaces Jonathan Basille who has held the position since 2007, and who will remain involved as a Senior Advisor.
Kelly Barner is the Owner and Editor of Buyers Meeting Point, a virtual information resource and blog serving the procurement and supply chain profession. She has worked in procurement as a practitioner, consultant, and independent blogger. She has been an advocate for the ISM-New York Report on Business, believing that strategic procurement is only possible with a wider understanding of economic conditions.
Any procurement professional worth their salt will tell you that a savings number means absolutely nothing. Without getting context from the size of the category or the annual projected cost, a flat savings figure has no meaning. Instead, we always present our results in percentage form because this provides the relativity necessary to determine whether $10,000 in savings was achieved on a $1M category (1% savings) or a $100K one (10% savings).
But data analytics – well now, that’s different. The faster the better and yesterday if possible! Everyone knows that real-time is the ideal speed for analytics, unless of course predictive analytics are available. Then we expect to have next week’s data on our desks yesterday.