How functional is your procurement team?

March 15th, 2023

Are new technology and new tools part of the problem?

 

Today’s post is by Ronald D. Southard, CEO at SafeSourcing Inc

I was reading an article by Kearney titled The future of procurement, with a subtitle of Where procurement is going and how it will get there. It’s a great short read. One quote that caught my attention was credited to an Enterprise leader who said, “Our procurement process is complicated, unclear and slow”. “All it does is create frustration and the illusion of control”. WOW. Whoever said this should be proud of themself because there is mor of this out there than there are exceptional procurement teams.

Sometimes we just try to do too much. We invest in enterprise software without a real awareness of what that means. Are you staffed to use all of the feature functionality? Does someone need to be trained? Has someone else taken over their old role? If you don’t think these issues through, you may just default to old practices with a new tool.  If you bought a sourcing solution, did you also buy a supplier database or are you just using your AP file of the vendors that you already do business with.  Maybe it’s time to look at a company that can do most of the work for you so that you are in the decision mode instead of the doing the work mode. Just a thought.

The article is pretty good so enjoy a quick read. The future of procurement,

If you’d really like to avoid frustration and begin saving money please contact a SafeSourcing Customer Services Associate.

SafeSourcing is a Procure to Pay SaaS based provider of a number of e-Procurement solutions and associated white glove services that are part of our SaaS offered SafeSourceIt™ eSourcing suite. These include but are not limited to SafeContract™, SafePO™, SafeDocument™ and our SafeSourceIt™ Global Supplier Database that includes over 557,000 vendor/suppliers.

 

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