3 Secrets to Supply Management Technology Adoption: CPO Rising’s PerspectiveNovember 20, 2012 Procurement
The road map to technology adoption and automation can be challenging. However, procure-to-pay (P2P) technology and process automation such as eProcurement, Supplier Networks, Catalog Managment (Procurement Content) can have significant impacts on KPIs such as realized spend reduction, spend under management, contract compliance, and purchasing efficiency.
Why have so many companies either not pursued these supply management technology solutions, or implemented and failed to successfully adopt them within their companies?
The answer to this falls into three categories of challenges:
- Inability to integrate well with existing ERP and procurement systems
- Challenges in on-boarding a significant number of suppliers
- Shortfalls surrounding end-user ease of use and internal policy follow-though
Download this two-page article from CPO Rising for examples of how leading companies have successfully addressed these hurdles.