Here is a wishlist with respect to a next-generation procurement platform. What are yours?
– Be easy to use with minimal training
– Provide end-to-end visibility through the procurement cycle
– Be able to alert stakeholders, if there is a delay or deviation in the process
– Provide a network of sources and suppliers
– Be able to create Master Data based on user inputs and transaction data
– Be able to create communication channels with all stakeholders
– Be easy to integrate with all kinds of applications: ERP, Office Automation, Social Media, Data Analysis, and Process mining
– Be capable of Category Management and Control
– Be possible to tag each transaction and step to various initiatives and impact or effectiveness
– Be flexible to implement innovative business models and processes
– Be cost-effective to justify the investment, effort and enablement
– Be able to identify risks and propose mitigation plans and actions
– Be possible to rate suppliers and customers that can be used by businesses
– Be able to propose best suppliers and prices for various goods and services
– Be able to flag monopoly or cartel in specific categories or supplies
– Be able to warn in case of supplies being made for purposes dangerous to the environment or human society.
– Be easy to use with minimal training
– Provide end-to-end visibility through the procurement cycle
– Be able to alert stakeholders, if there is a delay or deviation in the process
– Provide a network of sources and suppliers
– Be able to create Master Data based on user inputs and transaction data
– Be able to create communication channels with all stakeholders
– Be easy to integrate with all kinds of applications: ERP, Office Automation, Social Media, Data Analysis, and Process mining
– Be capable of Category Management and Control
– Be possible to tag each transaction and step to various initiatives and impact or effectiveness
– Be flexible to implement innovative business models and processes
– Be cost-effective to justify the investment, effort and enablement
– Be able to identify risks and propose mitigation plans and actions
– Be possible to rate suppliers and customers that can be used by businesses
– Be able to propose best suppliers and prices for various goods and services
– Be able to flag monopoly or cartel in specific categories or supplies
– Be able to warn in case of supplies being made for purposes dangerous to the environment or human society.
