Source: Andrew Bartolini, Publisher of CPORising.com
CPO Rising has been actively publishing thought leadership, technology analysis, and supply management best practices for many years and the result has been a steady stream of valuable content that sometimes gets lost in the shuffle.
To help our readers keep better track of our ideas on certain topics, we’ve developed a new series in which we will feature a sampling of impactful insights and recent articles on the topics that matter most to CPOs and other procurement executives (Note that readers can also search different categories by clicking on “Articles” found in the blue menu bar directly under the CPO Rising logo or by searching “Tags” under the sponsor logos on the right hand navigation bar). We’ve started with Strategic Sourcing topics, but are now moving onto downstream topics, such as eProcurement and AP Automation. Enjoy!
4 eProcurement Articles You Should Read
1. The Future of Procure-to-Pay – eProcurement (Part 1)
From our article entitled The Future of Procure-to-Pay – eProcurement (Part 1): With Geoffrey Moore as our inspiration, we’re continuing a series, that began here and here, on the future of supply management solutions, which we believe in Moore-speak are systems of engagement: enterprise technologies that are generally focused on communication and collaboration. Today we’ll look at the future of the P2P market and where we’d think consumer IT functionality take hold. Ardent Partners takes the view that the source-to-settle process should be managed as a holistic one (even if it cuts across departments and utilizes different technologies). From an application standpoint, the procure-to-pay process would include eProcurement and ePayables solutions which manage the business process of requisition to PO generation to invoice to payment and settlement. Read more about this article by clicking here.
2. The Future of Procure-to-Pay – eProcurement (Part 2)
From our article entitled The Future of Procure-to-Pay – eProcurement (Part 2): As we noted last time, eProcurement solutions can deliver a powerful ROI and help procurement departments invest more time and resources in more strategic activities; the problem is that many programs do not. There are two primary culprits: (1) Poor Supplier Enablement which is when the system does not have (a) enough suppliers enabled on the system to perform transactions and/or (b) enough supplier content in the system for users to find and requisition. and (2) Poor User Adoption which is when (a) the number of targeted users in the enterprise is lower than expected and (b) the users of the system use it less frequently than they should. Read more about this article by clicking here.
3. The Future of Procure-to-Pay – eProcurement (Part 3)
From our article entitled The Future of Procure-to-Pay – eProcurement (Part 3): Compliance is not a four-letter word but it can be confusing in the context of procurement since it could be referring to process compliance, regulatory compliance and/or contract/pricing compliance. All are important and all can be aided by an eProcurement system. In fact, compliance concerns created the demand for eProcurement at more than few enterprises. Read more about this article by clicking here.
4. The Future of P2P – eProcurement (Part 4)
From our article entitled The Future of P2P – eProcurement (Part 4): The future of P2P integration to back-end systems needs to work like standard appliances in your home – Plug and Play – pretty much the same way a new Blu-Ray DVD player works today. Take it out of the box, plug it into any electrical outlet; quickly figure out which cord (that was included) works best for your television or entertainment system, plug it in and play. The future integration of eProcurement and back-end systems will need to work like this. To get there we’ll need contributions from the eProcurement solution providers (think DVD or other media playing device) and the ERP companies (think television). Read more about this article by clicking here.