The Future of Procurement Technology

Research has shown that leading companies today employ extensive use of procurement technology for purposes of driving high performance. Procurement masters do this in the following ways:

  • Provide heavy support to their source-to-pay process via a complete suite of integrated technology modules.
  • Achieve “one version of the truth” through the harmonization of master data across systems and consistent maintenance procedures.
  • Have access to highly visible data so as to enable full reporting.
  • Boast a full portfolio of supplier integration technology.

Today’s procurement masters therefore enjoy significant payoffs, delivering 2.5 times more value for every dollar spent in procurement, in comparison to average performers. But what lies ahead with regards to procurement technology benefits of the future? Take a look.

Innovative Technology

With the economy still in recovery, business focus has shifted to technology that is easy to deploy and which delivers a quick and tangible ROI. Granted, technology today typically focuses on the manufacturing element of the enterprise, which is where the money is made. Nevertheless, procurement remains at the heart of every organization; therefore innovation in technology can help boost procurement engagement ultimately leading to a reduction in costs and increase in savings.

Increased Connectivity

Procurement managers of the future will increasingly need to adapt to the convergence of work and play. Consumer-style expectations will persist in their migration into the workplace with access via the traditional PC/ browser-based platforms being superseded by apps. Procurement technology applications will shift their focus to engagement and usability so as to drive efficient processes and fantastic compliance. Additionally, as with the internet, technology is set to become even more connected over time.

Intelligent, Multi-Dimensional Data

Business procurement is set to resemble consumer procurement platforms such as eBay and Amazon. This will be achieved through technology that is more intelligent and which utilizes multiple dimensions of data to steer spending behavior towards the most attractive deals. In this way, procurement managers will be able to make purchasing decisions that are quick and better informed.

An efficient and integrated technology foundation is critical for achieving such results for the business of the future. This will also require thought leadership in procurement and sourcing, specialized skills for SAP procurement and global client experience to assist an organization in the maintenance of a reliable, high quality supply base while reducing costs. It is such a foundation that will provide your business with a procurement technology framework that will power high performance for years to come.

Business Intelligence in Mobile Applications

Gone are the days when the use of a mobile phone was restricted to connecting to your family and friends. The scenarios have changed now, and it is no surprise that mobile technologies have advanced beyond recognition. The users of the new mobile applications have access to more than thousand applications online and mobile manufacturers are trying to tap this opportunity by developing solutions for smart information.

Over years BI (Business Intelligence) service providers have spent time and money to deliver best solutions to the users. Though the growth has been stagnant for a long time but now it has shown a momentum because of a rapid growth in technology and revolution in mobile based applications. The face of BI in mobile apps will change more when it will move from a dashboard providing application to a more sophisticated task specific feature. With improvement in the ability of smart phones the users not only enjoy interacting with mobile devices but also access useful information and sophisticated analysis.

BI in simple terms means technology, application or software that is used to extract, store, analyze data so as to help the management make better decisions, and BI through phones is sending business information through mobile.

It is helpful to business in several ways like:

1) Improving employee productivity – Today information system is used in CRM (Customer Relationship Management) marketing that will automate sales force management system, which involves huge cost and too much time on data entry. With implementation of these services in mobile BI, the users will get a structured management information system at less cost. This will provide accurate data for sales team as to where they are and what they want to achieve. BI applications also help sales team to represent how the services of the company can be useful to achieve targets. Moreover, it will be useful in supply chain management to form a distribution strategy for retailers and manufacturers. Several models can be proposed through mobile BI for product lifecycle management and information technology chain operations.

2) Faster decision-making – In current business scenario all the firms need information in a speedy manner so as to take accurate decisions and grab the right opportunity. The slow and inflexible business information may lead to major problems. For example, if a decline in sales has occurred in a particular region, the management cannot address the problem quickly without channelized information system. The accurate and fast information through mobile will be helpful in determining the actual cause of the problem along with quick decisions from the management front. The aim of mobile BI is not restricted to provide quality information but to enable faster decision making. Decision makers will be benefitted as it will reduce cost and increase profits by providing the historical trends and predict future estimates.

3) User friendly interface – The introduction of user friendly functions will definitely improve ROI (Return on Investment) in business. The decision makers can keep themselves updated with new trends and developments by subscribing for reports and alerts. These reports can be saved in certain formats and the mobile apps feature makes it easy to update the information from time to time. The information can be filtered by sort functions which save time. Moreover, the user can easily analyze different trends by changing the metrics or can breakdown the single report into different graphs and conduct a drill down research on the data.

In short, the applications are extended to be used in mobile device so that reports and graphs can be seen in small screen and more accurate decisions can be taken in real time.
BI through mobile applications was a growing concept few years back, but with the rising competition and need for accurate information, its demand is increasing at a faster pace. Once the end users can work on the technology with same accuracy and velocity as conventional systems, the thrust will increase further.

Android Developers – Developing a Cutting-Edge Android OS and Applications

Are you aware of the latest mobile phone developments? Technology evolves tremendously and you should chase every progress of it in order not to be left behind. The trend of technology innovations is moving too fast. That is why some people cannot be able to catch up with the latest updates about the best and newest products of technology. Whether we like it or not, we cannot stop or control the rapid pace of every development in technological applications and products. Today, we are living in the modern era and we need to embrace and adapt what technology has brought for us. The fastest development of technology is found in the advancement of mobile phones. Every year or even every 3 months, there are new models of phones released in the market. Currently, the latest mobile phones are smart phones and android phones. Smart phones and android developers are both determined to develop more enhancements most especially in the operating systems and software applications. However, android phones have more features and a stronger platform foundation. These are the factors that make the android phones turn out to be better than smart phones.

Android developers have developed an extensive and a cutting-edge application development. The objective of the development for the android operating system and applications is to provide users with a handy operational phone. There are so many dynamic features that can be used freely by the android users. Like the application framework that enables you to customise, change and reuse its components. The open development platform of android phones is providing the users with rich useful features. It is built with an open source operating system that is why you can possibly download or install any android or other apps because it can be recognised by the android’s OS and platform. The richness with the innovative applications in the android phones is worth the price. Most people prefer to buy mobile phones that can access almost all applications. Android phones are the most reliable mobile phone that can provide users’ demand. In fact, other phone manufacturers want to take advantage of android’s rapid and astounding development. Their objective is to make a good partnership with the android manufacturer because they know that they can’t compete with it in the market. Android phones’ acquisition creates remarkable impressions to the consumers and phone marketers as well.

Software application developers successfully provided solution to the compatibility issues to other mobile phones and in synchronizing apps mainly in gaming. There are three android operating systems that have been created magnificently by the professional developers. These are the Froyo, Gingerbread and ICS (Ice Cream Sandwich). These improve the interface of android phones to make it more advanced.