Gartner Research

Best Practices for Sequencing Procurement Solution Investments

Published: 11 December 2014

ID: G00272215

Analyst(s): Magnus Bergfors

Summary

Transforming procurement from a tactical function to a strategic contributor to profitability and agility is a long-term project. Procurement leaders, and IT supporting procurement, should sequence phased procurement technology investments to achieve the best long-term results.

Table Of Contents
  • Key Challenges

Introduction

  • Strategic Sourcing Solutions
  • Operational Procurement Solutions

Analysis

  • Implement One Major Procurement Module at a Time
  • Kick Off Your Procurement Transformation Project With Spend Analysis
  • Prioritize a Solution That Addresses a Specific Emergency With the Module That Addresses This Need
    • Cut Costs Now
    • Contract Control
    • Supply Risk Control
  • Negotiate Agreements That Allow Flexibility for Staggered Implementation
  • Implement Missing Pieces in the Best-Practice Order If Your Organization Is in the Midst of a Suboptimal Procurement Technology Investment Sequence

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