06:22
Faizan
LCC Sourcing,
Introduction of operational systems (SAP, Oracle),
Introduction of new tools (tablets, smart phones.
In fact it is arguable that any of the above items, which certainly have changed global business, have really changed how organizations purchase other than perhaps digitizing steps in the old process. (For example electronic requisition instead of paper ones)
However, even with the coming changes the is not necessarily an expensive implementation cost for software, consultants, hardware etc... As a result Fortune 100 companies do not have any real advantage in responding to changes to gain a competitive advantage over small to mid-sized companies. In fact because of the massive investment in enterprise solutions and processes they maybe at a disadvantage.
Before discussing the changes and what Purchasing and Supply people should do to prepare lets talk about what you should forget.
Being an expert with excel, access, worksheets etc.
Focus on cost savings.
Purchasing centric individual quantitative measures of how many transactions and how fast.
Blaming other departments for inability to deliver better results
You must sit at your desk and process transaction. (Better to get rid of your desk altogether)
The above skills and approaches were and still are common. Now they are not going to be relevant and will label you as not being ready for the changes.
So what will change in the next couple of years and what do you need to start thinking about?
Everything becomes a commodity
Syndicated Commerce World class tools and supply chains are available for all sizes of organizations at essential no cost Everyone is a Buyer and Seller Purchasing contributes directly to revenue generation as well as cost saving
Big Data will: Smooth planning cycles - end of "Bullwhip Effect" Create relevance to offers to Buyers that
Introduction of operational systems (SAP, Oracle),
Introduction of new tools (tablets, smart phones.
In fact it is arguable that any of the above items, which certainly have changed global business, have really changed how organizations purchase other than perhaps digitizing steps in the old process. (For example electronic requisition instead of paper ones)
However, even with the coming changes the is not necessarily an expensive implementation cost for software, consultants, hardware etc... As a result Fortune 100 companies do not have any real advantage in responding to changes to gain a competitive advantage over small to mid-sized companies. In fact because of the massive investment in enterprise solutions and processes they maybe at a disadvantage.
Before discussing the changes and what Purchasing and Supply people should do to prepare lets talk about what you should forget.
Being an expert with excel, access, worksheets etc.
Focus on cost savings.
Purchasing centric individual quantitative measures of how many transactions and how fast.
Blaming other departments for inability to deliver better results
You must sit at your desk and process transaction. (Better to get rid of your desk altogether)
The above skills and approaches were and still are common. Now they are not going to be relevant and will label you as not being ready for the changes.
So what will change in the next couple of years and what do you need to start thinking about?
Everything becomes a commodity
Syndicated Commerce World class tools and supply chains are available for all sizes of organizations at essential no cost Everyone is a Buyer and Seller Purchasing contributes directly to revenue generation as well as cost saving
Big Data will: Smooth planning cycles - end of "Bullwhip Effect" Create relevance to offers to Buyers that
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