Supply Chain and Procurement Executives Are Driving More Value with Breakthrough Innovations

San Francisco, CA – November 5, 2010 – As part of its ongoing research into Procurement Innovation, ProcureAbilityTM today released its third prediction for the future of Procurement: The Virtual Procurement Organization. The prediction is based on insights garnered from Denali Group’s in-depth research with more than 50 Procurement and Supply Chain executives from a variety of Fortune 1000 corporations.

With fluctuating economic environments around the globe, Procurement organizations are being forced to use innovation to evolve into a mix of strategic in-house resources and virtual tactical resources. Procurement executives who can find a way to do more with less can leverage a variety of innovations that enable a high-functioning virtual organization.

The move towards the Virtual Procurement Organization is facilitated by a combination of innovations that optimize both strategic and tactical Procurement resources, including:

  • Automation, Especially Cloud-Based Technology
  • Formalized Procurement Center of Excellence (COE)
  • Standardized Tools, Templates and Contracts
  • Use of Supplier Value-Added Services
  • Decentralized Transactional Procurement Activities
  • Centralized Sourcing Execution
  • Use of On-Demand Subject Matter Experts (SMEs)

“These exciting, rapidly-evolving technologies and methods are changing the face of the modern Procurement operation,” said ProcureAbility President and CEO John Evans. “Take for instance the benefits of Cloud-based technologies, which offer lower costs, increased scalability, increased flexibility, and faster deployment. These types of monumental changes not only accelerate cost savings, they also help grow top-line revenue and drive shareholder value.”

More in-depth information on Virtual Procurement Organization predictions can be found in Denali Group’s recently published Procurement Innovation Part III whitepaper: The Virtual Procurement Organization, which is available on the Denali Group website.

Procurement Innovation Predictions

Denali Group predicts additional areas of change for Procurement:

  • Procurement Will Greatly Expand the Methods and Channels by Which It Adds Value
  • Procurement Will Evolve Into a Mix of Strategic In-House and On-Demand Resources
  • Procurement Organizations Will Reshape Their Expectations and Talent Compensation Models

About ProcureAbility

ProcureAbilityTM transforms traditional, outdated consulting and staffing models by offering our clients advisory and resource support on their terms.

Our delivery model is unique. We give clients access to unbundled resources, plus the ability to selectively add value through leading-edge methodologies, the latest best practices, and specialized insight and advice—an approach unheard of in traditional consulting and staffing firms.

Since 1996 we’ve focused only on procurement’s success. It’s all we do.

For more information on ProcureAbility services, visit ProcureAbility.com or call (888) 824-8866.

 

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