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Chapter 3.pptx - Chapter 3 Innovation and Opportunity Whats...

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Chapter 3 Innovation and Opportunity: What’s ahead in SM
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What’s ahead in SM? Well-managed, innovative, relationship focused SM practices Leverage new technologies Collaboration with suppliers Apply new operating models for SM
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Four most promising trends 1) Maturing of procurement technology More companies outsourcing previous in-house services Robust analytical tools New Applications emerging More combinatorial decision-support systems Using applications that use standard capabilities to solve nonstandard problems
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Four most promising trends 2) More Sophisticated Business Intelligence Spend aggregation across departments/business units Procurement systems getting more smarter Improving the speed of decision making Continuous improvement becomes more of a reality
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Four most promising trends 3) Integration of Technology with the business Linking procurement technology to finance, logistics Better connectivity with PLM Better collaboration with suppliers RFID chips will link supplier performance Planning/forecasting improved to reduce costs
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Four most promising trends 4) Emergence of improved Data integrity Stronger influence of web services environment Software will connect applications and data sources Improved content/transaction time (real-time data)
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