With the economy showing clear signs of improvement, the demand for procurement software is expected to rise.
Naturally, that’s good news for us here at Aravo, and I agree with Michael Koploy who points out at The Software Advice Blog, that there are several reasons why businesses will be accelerating their investment in procurement management systems over the coming year. In particular, Michael says he has his eye on these six trends:
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BT wants to drive further engagement on climate change, and the company now expects its suppliers to actively manage and drive engagement in this area within their own supply chains, as well.
Last month, BT introduced a Climate Change procurement standard that will apply to all suppliers. One of the first of its kind in the UK, this new standard includes three minimum expectations to be undertaken by all contracted suppliers. Specifically, BT suppliers must: (more…)
Two things jumped out at me while I was reviewing the results of A.T. Kearney’s recently released 2008 Assessment of Excellence in Procurement (AEP) study.
First, the study found that procurement leaders are placing a high priority on risk management. Whether they’re using internal risk mitigation strategies or mega-trend analysis, AEP leaders seem to agree that supply risk and performance management are becoming increasingly critical in today’s complex global supply chains.
Second, this latest A. T. Kearney analysis also shows that sustainability has emerged as a hallmark of procurement excellence. A whopping 89% of AEP leaders have procurement sustainability plans in place; many have comprehensive sustainability programs that are integrated into their overall corporate strategy.
