Top 5 2012 Procurement Predictions
Posted on Tue, Nov 22, 2011 @ 10:54 AM
It is that time of year again; look out for the New Year predictions! SupplyChainDigital.com has weighed in with its summary of the 2012 procurement predictions, gathered by Rosslyn Analytics. The article, Top 5 2012 Procurement Predictions, talks about the trends in the CPO - CFO arena.
For most in procurement, I think these predictions come less of a surprise, and more of a "FINALLY!" In short the top 5 predictions are:
1. Procurement wins as executive teams realize the value procurement has delivered, but may lose its independence as CFO's seek to gain more ownership.
2. Spend data loses its independence. Other business sectors, other than procurement, will seek to use spend data across the organization.
3. Procurement takes over compliance. Procurement has been preaching this for years - it makes sense - centralizing enterprise-wide data is easier to obtain, manage, and assess.
4. Purchasing teams will embrace cloud computing. User-friendly cloud-base platforms are the wave of the future, say good-bye to the complex ERP-built reporting tools. Thank you Steve Jobs and the Apple-style friendly platforms available today.
5. Tactical outsourcing gains popularity. Businesses will continue to reduce non-core costs, retain talended employees and accelrate busines value creation. They will do this through outsourcing tactical costly transactional work to specialist companies.
Follow this link to read more of the Top 5 Procurement Predictions.