So our stakeholders have spoken again. What are they saying? We want for procurement to be there in a powerful, meaningful, strategic way but I don´t want to see it.
Let me explain. With powerful data analytics combined with artificial intelligence we can produce great sourcing, negotiation and contracting strategies. We now have access to this powerful tools that gives us visibility and help us digest really large chunks of data into meaningful strategic actions. That said it also help us engage vendors and market trends and all the stuff waiting out there for the best solution to our every needs. Seamless and powerful.
On the other side, the power is under the hood. We want a powerful engine that is invisible to the driver, the “stakeholder”. A smooth ride, silent, comfortable, we do not want to know the details of the engine but we want performance. The same happens with procurement now a days. What the contracting and procurement does, is not a concern but more of an invisible entity that deliver results.
Results that make a requisition a painless, fast, accurate and wholesome purchase, a breeze. We do not need to know what happens, just have a nice ride.
So next time you are reviewing your sourcing, purchasing, contract and procurement function, keep in mind how a luxury car is designed with both comfort and performance.