MAY 2021CIOAPPLICATIONS.COM8IN MY Viewechnology is allowing procurement to rebrand and re-establish itself focusing on strategic value creation, innovation, sustainability and even wider organisational strategy.This year, we have seen tremendous changes, challenges and also, opportunities. Procurement has played no small part in helping their respective organisations navigate through the murky waters of risk, capital conservation and business continuity all under the volatile backdrop of Covid-19 and the global pandemic which it has brought about. Prior to the pandemic, procurement was already wrestling its change agenda balancing two distinct changes at the same time:· A growth in capability, speed and relevance mostly down to the rise, implementation and adoption of new technology applications · A pull from the respective business to offer more outside of incremental, linear savings delivery and purchasing process enablers The sequencing is important as the second change is in no small part a by-product of the first change but also, and crucially, technology is allowing procurement to rebrand and re-establish itself focusing on strategic value creation, innovation, sustainability and even wider organisational strategy. Though not yet at saturation point, Procurement leaders are now inundated with tools, technologies and friendly SaaS account teams all promising to propel the team forwards, lift their status and ramp-up value output on an exponential scale. With expert technology now covering every niche of procurement's wide arm of responsibility, it is understandable and acceptable that many leaders will want to make the most of them! The Spanish Armada was a force to be reckoned with 130 naval ships all under the command and direction of one ship. Imagine those 130 ships with no instruction, sailing off in different directions--a much less effective force I'm sure you would agree. Continuing that analogy, imagine a new breed procurement team as a battle-ready armada, lots of smaller teams all pushing in one direction being supported by some state of the art weaponry (the technology). The use of technology delivered in the form of disparate microservices creates a big challenge to ensure effectiveness; building the right environment where processes are joined up and digitised and based on a centralised "common" platform that third-party services can bolt onto or connect with. This challenge can no doubt be applied to any area where the use of technology is prevalent. Get this right and it drives progress on change number two. An intelligent, powerful, digital function able to bolster and interface with other business REVAMPING PROCUREMENT INNOVATIVELYTALEXEI BURNS, GROUP PROCUREMENT, CHIEF OF STAFF TO CPO, STRATEGY, PLANNING & PERFORMANCE, CENTRICA
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