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Jennifer Chaplain – Solution Engineering & Customer Engagement Principal for Aera Technology details procurements biggest pain points

Procurement teams are often forced to work reactively rather than proactively .

They juggle strategy and execution while making daily , even hourly , decisions ; responding to supply chain and logistics volatility ; managing costs and compliance ; and other tasks .

Often , such teams have to act without full context for the decisions they make , on top of the fact that the number of decisions that must be made has grown beyond even the best team ’ s ability to keep up .

What ’ s more , procurement teams frequently rely on siloed technology systems and business processes that don ’ t provide real-time visibility .

In many cases , decisions are delayed by complexity amid the slow speed of human collaboration and alignment .

Information has to be gathered and

Traditional approaches to capturing knowledge and determining the best actions aren ’ t enough to stay competitive . True digital transformation of procurement requires technology that enables faster , more accurate decision making .