Originally appeared in Market Screener
We don’t know about you, but when we think of April – we think Spring. The birds chirping, flowers blooming, green grass, incessant rain (yuck), and summer in our sights! Spring is a time for growth and for change; a beautiful transformation, if you will. This month’s resources stayed true to theme – focusing on the transformation and future of procurement, source-to-pay insights, and even our own evolution as Determine began its new chapter as a Corcentric company. DetermiNews gives you a jump start on spring cleaning your business processes for the sunny days ahead.
Kelly Barner from Buyers Meeting Point started off the month with a candid assessment on collaboration in procurement, proving proves that including stakeholders in savings, supplier selection and spend oversight processes is key for added value and continued transformation. This inference rings true as companies like Amazon add complexity and procurement and supply chain operations by blending various organizational structures as they take on new ventures. But how will next-generation buyers adapt as procurement continues to evolve?
Gérard Dahan, CMO and SVP EMEA for Determine, a Corcentric company, recently gave a keynote speech at Matinale Digital Achats 2019 (a procurement event in Paris), where he shared his vision of what the capabilities and key performance indicators will be for future buyers. By no means is it a short list, but it is do-able. Next-generation procurement professionals must be agile, hyper-informed and connected to be ‘future proof.’
We have been doing some ‘future proofing’ of our own. We were officially acquired on April 10th, 2019 by Corcentric. Now operating as Determine, a Corcentric company, we are excited to provide a truly holistic portfolio of products and services across the entire source-to-pay continuum, and continued innovation for years to come. No ‘Frankenstein’ solutions here!