Global Enabled Supply And Demand Chain Series: Sourcing-II

Overview: Cost control has companies re-evaluating their commitment to sourcing apps, especially as best-in-class firms are driving high returns from the technology. The procurement and sourcing space became a tragic play of small suppliers struggling to survive while users hunkered down to digest the applications acquired in the B2B buying binge. Corporations that have already engaged sourcing applications are showing great gains. In addition, management's pressure to deliver on efficiency savings that their competitors are realizing is influencing interest not seen before. Given the fact that early adopters are realizing 10 times the return on investment, it becomes a strategic issue. For those companies that want to close their performance gaps in sourcing and supply management, just throwing any type of software application at their needs is clearly not the solution. Instead, more pragmatic, services-intensive, value-focused, benchmarked, best-practices-guided, and industry-specific implementation of technology — conducted in lock-step with process and organizational change — will lead to a slower, albeit lasting, growth in the procurement and sourcing market during 2002 to 2007, predict analysts.

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Format: HTML | Date: Nov 2003 | Pages: 1