The three trends to watch for in procurement in 2015
Looking back at 2014 and the challenges that have been faced and overcome we look at what might be top of the agenda in 2015. We look at three specific areas and assess their impact. Striving for value Deploying technology Strategy fulfilment As procurement professionals we have always sought value in our actions. It’s important to understand that when we identify “value” we mean it in terms of both cost and outcomes. We strive for the most financially beneficial deal, this is easy to judge, what is much harder is identifying the true value achieved in terms of outcomes. Outcomes are not always immediate and to truly identify the value of outcomes we must track the benefits that have been achieved from the delivery of outcomes. Many companies look no further than standard IT and an isolated approach to procurement. Using e-procurement tools not only makes the processes easier to run and co-ordinate but it also provides clarity and the abili...