Overview
Choosing the right procurement software is a crucial step in ensuring third-party risk management, process governance and sourcing efficiency. With so many procurement solutions to choose from, it can be overwhelming without a frame of reference or some solid starting points.
This guide will cover:- The next generation of procurement software
- Key benefits of enterprise procurement software
- Key considerations
- Build, buy, or do nothing?
- S2C vs S2P vs P2P
Why download the guide?
We are seeing a major confluence of significant issues in construction today due to Australia’s historic infrastructure boom and more recently, the impact of the COVID-19 pandemic. The consequent skill shortages, greater reliance on outsourcing and sharply increasing cost pressures are just some of the challenges dialling up the overall risk of adverse outcomes for projects. Leaders need to ensure they have adequate systems to drive transparency, accountability and sustainability throughout their supply chains
Procurement has always played a critical role; from vendor selection and relationship building, to strategic sourcing and contract management. It is a multifaceted discipline in which the responsibilities and complexities can quickly scale.
But not all procurement software solutions are equal and selecting the right provider for your organisation isn’t a task to be taken lightly. With such high stakes, sourcing the right technology to optimise and streamline your procurement function has never been more important.
In order to help, we’ve created this buyer’s guide covering important considerations when making one of the most impactful software purchasing decisions in 2023.
