Conversion to Cloud Procurement Still Slow to Come in Business World

Cloud-based services utilized by individuals around the world seem to be ramping up at an ever quickening pace. Services like Facebook, Google Plus, and Spotify and devices like tablets, smartphones, and other handheld devices combine for the rapid advancement. But what we’ve found is that in the business world, technology advancement in general, and conversion to cloud-based software in particular, has proceeded at a slower pace. What does your procurement process look like? Is it out of date? Fragmented? Do you have a central point to filter all purchases through or does each department head approve purchases for that department only? If your business lacks communication in these areas do you see how this can impact your business or have you been blind to the effects? Research by the Aberdeen Group has shown that switching to e-procurement can generate savings of between 5 and 20 per cent. Utilizing cloud-procurement can be a game-changer for your business. When you use cloud-based procurement you can automate some processes, pool orders between departments or different locations, map your spend, implement controls to monitor activity, and the list goes on. If you are ready to make some changes contact us today and we can help evaluate and customize the best solution to your business’s needs. One of the best things you can do for your business is to stay educated about changes in procurement and what you can do in your position. Last week we included some information on Purchasing, Supply & Risk Management conferences. So this week we wanted to highlight another for your consideration. Find one that’s close to you and make an effort to attend. Check out “The Chief Procurement Officers Summit” A few of the detaisl are below. Registration is free so if you are near Bostom, MA this would be a great one to attend. WHAT: The 9th Annual Chief Procurement Officer summit is the preeminent symposium for global procurement executives to learn, network, evaluate and develop a clear vision of procurement’s evolving role within the enterprise. WHO: Procurement and supply management executives with responsibilities in e-sourcing, e-procurement, expense management, spend analysis, contingent labor management, strategic meetings management, technology management, and others. WHEN & WHERE:  October 29-30th Seaport Hotel, Boston MA