SIG Resource Center

The Procurement Technology Lifecycle: Part I - Procurement Technology Landscape

Since procurement has started to have a greater impact on corporate strategy, the demand for enterprise procurement technology has reached new heights. While many organizations have automated portions of their supply chain and accounts payable, purchasing processes typically are still undermanaged. Some recent research indicates that nearly 60 percent of organizations are seeking additional support to manage both their direct and indirect spend—the solution is more often related to optimization of procurement through the use of modern technology.

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