08 Mar '12, 5pm

5 Steps to Creating Vibrant Procurement System - EBN

Procurement is a strategic process, not only for day-to-day livelihood, but also for competitive advantage. Supply Chain IQ , a provider of conferences and training courses for the supply chain sector, surveyed procurement professionals in 2010 about the challenges they are facing and the major challenges presented by the economic climate. The survey revealed three top three concerns: managing supplier relationships, commodity price volatility, and managing shareholder expectations. Meanwhile, the economic climate has brought challenges across the board in terms of the competitive landscape, cost volatility of raw materials, and general volatility. A business process management (BPM) solution that helps procurement managers optimize processes and includes reporting and dashboards of key performance indicators (KPIs) can be a valuable asset in helping companies overcome the...

Full article: http://www.ebnonline.com/author.asp?section_id=1610&doc_i...

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