IT PROCUREMENT
A closer look at how the movement of procurement systems to the cloud is supercharging efficiencies , examining offerings from IBM , SAP Ariba and Oracle
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Enterprise software has played a huge part in enabling businesses to become leaner , more agile and more competitive over the decades , with pioneers like IBM and SAP having led the way . According to a recent IDG Cloud Computing Survey , 73 % of organisations now have at least one application in the cloud , with enterprises predicting an average $ 3.5mn cloud spend and most technological industries such as manufacturing and telecom aiming for 100 % cloud utilisation .
Procurement is just one of many areas touched by digitalisation , with digital procurement offering a range of benefits . These include the automation of repetitive tasks , and boosting efficiency while reducing costs . AI can also provide insights and analytics to identify inefficiencies in processes , using data to improve decision making . The inherently distributed nature of procurement can also be overcome by collaborative platforms that bring third party suppliers closer to the business .
JUNE 2020