AMR Research, November 2008
Three Approaches for Transforming the Procurement Function To Remain Competitive in a Global Economy
By Mickey North Rizza, Phil Fersht
November 1, 2008 -- Tough economic times are driving many enterprises to evaluate the economics of their global procurement functions. At a recent chief procurement officer (CPO) forum, AMR Research found companies struggling to devise a value-driven procurement strategy. This article discusses three procurement transformation delivery approaches that can be used in the development of your company’s global procurement strategy.
Supplier Performance Management
SPM functionality may be found in osurcing technology platforms as part of ERP or as a separate standalone technology. Standalone products like ones from IQS and TierConnect enhance the value with visibility across the entire SPM process, including incoming inspection, scorecards, quality, and risk management.
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