TECHNOLOGY
“ We see the role of procurement soaring in the M & A area because it ’ s a unique opportunity to combine strands of companies and take them to market in a shortened period of time ”
MIKE HALES AT Kearney
and putting resources and expecting a high impact in those areas that were going to lean more to innovation and understanding the impact of technology on procurement and their enterprise . Those companies clearly have a very forward-looking view . Continuing the theme , Hales comments : “ So many procurement groups still think their mission is done when they get a contract signed . But the leaders realise that they need to monetise and improve that full life cycle with the supplier . Not just sign the contract , but then making sure to get compliance to it , and then driving a value beyond what you signed up in the contract because the contracts just represent the minimum of what you want from that agreement .
“ Three years from now the leaders are expecting innovation to be a more important performance metric within the cost . So currently , cost is more important than innovation , but three years from now , most of
22 December 2017