I read recently that “data is the new oil.” Which, from a corporate-speak pithiness perspective, is sound bytable enough. But it’s inaccurate: oil is a finite resource that gets used up and will diminish over time. Data, on the other hand, just keeps accumulating and getting ever more valuable. If you know how to leverage it , that is. Pick up some pointers in this month’s April DetermiNews, and even more in our webinar with Ardent Partners, CPO Rising 2018: The Age of Intelligence.
Four advantages of a cloud platform with a single source of truth.
In a recent webinar, Andrew Bartels of Forrester and Julien Nadaud, Determine’s Chief Product Officer, explored in detail the issues, challenges, benefits and hype surrounding Artificial Intelligence (AI). Whether you’re talking about machine learning, natural language processing, robotic process automation, expert system decision management or any other aspect, the goal is the same: harvesting data intelligence. The only way to gain true data intelligence is through seamless data integration.
A Review of CPO Rising 2017: Tools of the Trade
The CPO Rising 2017: Tools of the Trade report from Ardent Partners was a big focus last year. It was the first of their benchmark reports to explore the technology perspective of procurement, and it was revealing. Before the release of CPO Rising 2018: The Age of Intelligence happens, we thought it was worth reviewing Tools of the Trade to check some highlights. It’s also good to have a reminder of where procurement leaders stand in their efforts to achieve Process Under Management.
Strike now while the eSourcing opportunity is hot – Trump tax law changes offer a unique saving opportunity.
I recently read this brilliant analysis about the impact of the Trump tax law changes. I couldn’t help thinking that this offers a unique one off saving opportunity that I would like to share with my procurement colleagues.
Decision-Achats is the major procurement and source-to-pay industry publication in France, and one that we reference regularly since Determine has such a significant French component. Recently, Decision-Achats conducted a survey related to inventorying the tools and solutions that procurement professionals are using, and their experience and attitudes of them. One of the most important results to appear is the call for more personalization – configurability, in other words. People want tools that work the way they do, especially millennials.
If you’re anything like me as a procurement practitioner, you think of our end-to-end process in a linear fashion. It usually starts with spend analysis or some other source of information (budget, ERP, BI system output, etc.) and ends with Contract Management and/or Supplier Performance Management. For us, this is completely logical because the sub-processes that we view as the most “active” portions of procurement – strategic sourcing and negotiation – have been dealt with at this point.