PROCUREMENT sharing of highly useful , actionable data in real time , whether it ' s for consumer insights for demand planning , or inventory data for replenishment . We ensure the systems make every interaction between the supplier and client have the least amount of friction possible . We automate processes to reduce the cost of operations , such as self-service catalogue set up , pricing and promotion . We work with clients in providing tools to self-certify , following best practice audit requirements and enabling companies to verify adherence to standards and provenance .”
But is technology alone the answer ? “ Technology is one of many elements ,” adds Dsouza , who explains that “ it certainly is key to effective SRM , when implemented in the right ways , but it does not operate alone , in a bubble . Strategy and culture are also vital .”
Which is why organisations that are looking to ensure that their SRM is sustainable should invest time and effort into not only technology , but also people and processes . “ Buyers need to be keenly aware and understand the benefits of enabling a sustainable supplier relationship . It is important to source and procure wisely , selecting the right partners who meet the goals , objectives and values of the company ,” says Dsouza .
“ The next step is to enable the right mechanisms when sharing information , ways of working , financing and putting in controls that can augment the relationship . Also key