Alex Saric
TECH ensure suppliers are supporting strategic business goals like sustainability .
“ Tech is vital in defining and driving forward industries . In recent years especially , procurement departments have made it the foundation of their operations . Think about the impact Tesla has had in the automotive sector .”
And with Generative AI turbo-charging tech development there is a growing division between the tech pioneers and the laggards ..
Research shows procurement leaders say fewer than half ( 47 %) of procurement and supplier management processes have been digitised ,” Plus , organisations are wasting more than a fifth ( 22 %) of their time dealing with manual or paper-based procurement processes – and onlyhalf ( 50 %) of procurement leaders recognise that the rate of digitisation in procurement is too slow .
Alex Saric
TITLE : CHIEF MARKETING OFFICER & SMART PROCUREMENT EXPERT
COMPANY : IVALUA INDUSTRY : SOFTWARE LOCATION : NEW JERSEY , USA
Alex Saric is a B2B software executive with proven success building and growing solutions globally , creating new markets and driving transformational change . He joined Ivalua in 2017 after more than a decade at SAP Ariba .
“ If organisations aren ’ t able to reap the benefits of emerging technologies , they stand to fall behind their competitors ”
ALEX SARIC CHIEF MARKETING OFFICER
& SMART PROCUREMENT EXPERT IVALUA
Selecting the right procurement tools Saric urges procurement executives to show leadership , by demystifying the myriad digital tools and solutions . Clear communication – – in the shape of a clear digital roadmap – is key , he says
Sarci says : “ Given the breadth of today ’ s technology landscape and rapid innovation there is a real danger organisations select solutions that either don ’ t deliver as promised or fail to adapt to changing requirements .
“ Leaders must develop a clear digital roadmap and select technology that builds the necessary foundation to support today ’ s requirements with the flexibility to expand for tomorrows .”
Taking such an approach is the route to understanding precisely what thea given solution needs to provide . A roadmap approach can also help organisations map their digital maturity level , which helps them identify compatible solutions that can resolve priority problems . This in turn provides a solid foundation from which to scale and adapt solutions as business needs change over time . procurementmag . com 97