As the role of procurement evolves from transactional facilitator to trusted business advisor, mastery of the next generation of analytics – a.k.a. “big data” – will be a key enabler.
Given persistent uncertainty in the economy, Chief Procurement Officers are being put on the hot seat at many global organizations, facing enormous pressure to reduce spend enterprise-wide and deliver increased savings year after year.
Procurement technology is poised at an interesting stage, with new trends emerging vis-à-vis the adoption of tools and applications. Besides, cloud computing is having its own impact on the scenario. GEP Value Trends: Procurement Technology endeavors to tackle these, and other related issues, in a comprehensive manner in this new report.