by Rebecca Ellinor
Buyers are doing all they can to help their organisations not just survive these difficult times but, with any luck, thrive.
One part of the answer could be how you can use technology to its best advantage to not just cut costs, but reduce risk and even generate revenue.
In the latest issue of SM, out on Thursday, we explore various ways in which you can use information technology to assist. Experts tell us how the best players are using e-auctions, we speak to those who’ve used systems to help buy some of the more tricky categories such as marketing and recruitment services, and an argument is made for renting instead of buying new IT.
This is a vast topic making it impossible to cover every possible way in which you can harness IT across all stages of the supply chain and procurement process – so help us fill in some gaps. Have you got any advice for peers on what’s worked for your organisation? Can you offer any examples of how you have employed technology to make savings?
Technology to help analyse or capture spend is the best investment you can make, for some organisations they don't know what their money is spent on, so how can savings be made?
Posted by: Cristian Martin | June 23, 2009 at 11:24 AM
As an Executive Director of a Procurement Consulting company, i deplored a technology strategy call "credit crunch speed zone" in 2008 to mitigate the economic downturn and it helped the company survive it.
1. The company held all meeting via online conferencing (go to my webnar) eliminating the need for expensive oversees travels and its risks.
2. All reports for clients delivered via online collaboration applications( MS Groove).
3. We adopted a "hot desk" working system were all staff were made to work at least twice a week from home and through that we reduce our power consumption rate and reduce office space.
Technology has really help Winipros Limited survive the credit crunch.
Posted by: Ayande A.B Prosper | August 03, 2009 at 05:52 AM