A mature technology strategy is key in building best in class procurement departments
All of these reasons have merit.. However, there are multiple ways in which you can embark on your journey from here. It ultimately depends on your organizations’ maturity at the strategic and operational levels.
Many procurement organizations are conflicted with determining who will guide them through the technology transformation. There are often a few scenarios that apply to assembling the team:
In many cases, the Procurement organization has high hopes for how they can pilot the journey and lead them to the destination. However, there are many hidden obstacles that can impede them:
This can be an effective approach for a more mature organization, since they’ve been on this journey before. However, for less mature organizations, this focusing purely on the external factors (providers, features and functionality), can present some danger to the journey.
In order to reach the destination, the team must chart a course that considers all the key aspects of the technology transformation, including the following:
The challenges faced during the expedition tend to collide with each other over the course of the journey which requires a unique level of fortitude and expertise to successfully manage.