Analyst Insight: Supply chain problems result from the uncertainty, time delay and amplification of variability based on demand changes from one function to another and from one organization to another. The parts of the chain don't work together! They often work against one another. The supply chain is a dysfunctional system that increases the cost of all participants in the system. Today's optimization and network technology provides the capability transform to a Smart Supply Network 3.0. – Rich Sherman, author and founder at Gold & Domas Research
For most business leaders, it's difficult to make any decision without letting bottom line bias come into play. Globalization, in addition to evolving social, economic and regulatory trends, has elevated corporate competition to a new playing field altogether. For procurement departments in particular, cutting costs, doing more with less, and running agile operations are the new standards for success.
Analyst Insight: Automation and efficiency in corporate accounts payable is opening up new opportunities that simply are not possible in a paper-based environment. Chief among these is the opportunity to design payment programs that accelerate funds to suppliers – and provide significant working capital benefits to buyers as well. – Scott Pezza, Principal Analyst at Blue Hill Research
Analyst Insight: Companies today face a wide range of security risks to their supply chains as well as to their sources of supply. In order to overcome vulnerabilities, they should have a deep understanding of their internal and external supply chains, and be able to quantify the likelihood and impact of security threats. – Glen Goldbach, Director, and Kelvin Harris, Director, PwC's Advisory Practice
We've heard it before: chief procurement officers aren't just cost-cutters. They're contributing real value to the organization. But is that really true?