Tools Archives - Page 2 of 7 - Smart Procurement

5 core drivers for end-to-end procurement automation

Leave a Comment / Procurement Strategy, Technology, Tools / SuperU

Speed to value can be elusive but it is of vital importance for any organisation. Many procurement organisations realise the increasing pressure to maximise savings and accelerate delivery timelines. But they also want to mitigate supplier risks. Altogether, legacy manual processes and age-old frameworks compel procurement leaders to rethink their strategy. Subhro Sen, from procure-to-pay […]

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3 roadblocks to implementing AI in procurement

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By Sammeli Sammalkorpi, VP: Customers and Co-founder of procurement analytics solutions provider Sievo In late 2017, MIT’s Sloan Management Review (in collaboration with the Boston Consulting Group) seemed to confirm what most in procurement had long inferred. Our expectations for artificial intelligence (AI) are well out of proportion with our preparedness. In short, we are

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Technology and procurement management in SA – it’s about more than just disruption

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Over the last half-decade or so, technology has become increasingly more disruptive within the procurement industry. Across various offerings, you are promised the next big thing in procurement management that will help you save time and money and, ultimately, improve the way your organisation approaches the end-to-end procurement process. However, an effective procurement solution is

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Autonomous procurement: the next evolution

Leave a Comment / Procurement Strategy, Technology, Tools / SuperU

By James Marland, Global Vice President, SAP Centre of Excellence for Spend Management Welcome to the world of autonomous procurement, where procurement professionals are augmented by machines and can focus on strategic relationships which require human creativity and empathy.

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Transparency in supply chains and blockchain: what is the most common trap?

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Becoming aware of blockchain’s weak spots is an important first step towards taking full advantage of what the technology really has to offer By Bertrand Maltaverne

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Procurement processes are not exempt from ICT progress

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From a broader point of view, development in information communication technology (ICT) has radically changed the manner in which people conduct business. Speed of communication and information exchange mean that you can offer real-time answers to customer enquiries, process transactions and convert potential leads into paying clients. “The procurement process is no exception to these

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Where the world of procurement is heading

Leave a Comment / Spend Analysis, Technology, Tools / StaffWriter

Having more data generated in the last two years than in the history of mankind is an opportunity to recognise how analytics is a source of competitive advantage. Sammeli Sammalkorpi, Co-founder of procurement analytics solutions provider Sievo, shares some key points from a lecture presented at the London Business School.

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The five rights of procurement

Leave a Comment / Commentary, Procurement Strategy, Sourcing Strategy, Tools / StaffWriter

The primary task of procurement is to provide the ‘right’ inputs for an organisation’s processes. The ‘right’ inputs are traditionally described as follows: – Inputs of the ‘right quality‘ – Delivered in the ‘right quantity‘ – To the ‘right place‘ – At the ‘right time‘ – For the ‘right price‘ These are often called the

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Blockchain will not save the world (at least not this year…)

Leave a Comment / Change, Commentary, Technology, Tools / StaffWriter

Blockchain hype has spread like wildfire… “But it’s time for a reality check”, says Bertrand Maltaverne, Solutions Consultant, who helps organisations to digitally transform their procurement practices. Don’t — Don’t — Don’t — Don’t believe the hype Don’t Believe the Hype is a song by Public Enemy that dates back to 1988 and (if loosely

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Walk the talk: machine learning and big data for procurement analytics

Leave a Comment / Commentary, Procurement Strategy, Smart Sourcing, Technology, Tools / StaffWriter

In procurement analytics, there are two clear trends: 1. Data is the new oil. 2. Big data and advanced analytics, such as machine learning, deep learning and neural networks, definitely create new opportunities. The way we can automatically extract insights from vast amounts of data will both unearth new opportunities as well as move tasks

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