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.

Information Technology Career Preparation Training Options

When looking to obtain a higher education in information technology there are many options available. You can pursue a career that meets you individual goals by choosing from a variety of specialized areas of study. Training can be completed at different levels to allow you to receive the educational career preparation that is right for you. Enrollment in an accredited school or college will help you to obtain the higher education that is necessary for you to pursue a career in information technology. With numerous opportunities available, you can start by learning more information technology career preparation training options.

Professionals in this field are trained to carry out a number of tasks based on the career that they have chosen. You can learn to work with various computer systems for a number of reasons. Training will allow you to pursue the degree and career that meets your individual needs and goals. You can look into:

  • Associate
  • Bachelor
  • Master
  • Doctoral

…degree training programs in information technology. Studies can last anywhere from two to eight years depending on the level of education needed to enter into the career you desire. Accredited career preparation can give you the skills and knowledge to enter into a variety of careers.

There are numerous professions available in information technology. You can select the level of education that allows you to enter the career of your dreams. You can specialize in areas such as:

  • Computer Information Science
  • Information Security
  • Computer Information Systems
  • Information Systems

…and more. Accredited higher education training in these areas will cover a variety of topics to help you gain the skills you need to enter into a successful career. The area of specialty will decide the courses that must be studied.

Coursework will be different for each level of degree and the area of study that is selected. You can obtain the accredited education that will help you succeed by completing training in web development, databases, systems analysis, hardware components, and computer software. You can also complete computer security training, as well as telecommunications, user interface design, application testing, and many other subjects related to the career and specialized area you wish to enter. There are a variety of professions that can be pursued once an accredited higher education is obtained in information technology. Possible career opportunities can include working as a:

  • Software Developer
  • Support Specialist
  • Systems Analyst
  • LAN Administrator
  • Computer Programmer
  • Certified Information Systems Security Professional (CISSP)

…and other related professions. Obtain the accredited educational training you need to pursue the career of your dreams by enrolling in an information technology school or college today.

Full accredited programs offer you the best quality education available. You can ensure this by making sure the program you choose carries full accreditation from an agency like the Accrediting Commission of Career Schools and Colleges of Technology ( http://www.accsc.org/ ). Start by researching information technology schools and colleges to find the one that’s right for you and enrolling in the degree program that meets your individual needs and goals.

DISCLAIMER: Above is a GENERIC OUTLINE and may or may not depict precise methods, courses and/or focuses related to ANY ONE specific school(s) that may or may not be advertised at PETAP.org.

Copyright 2010 – All rights reserved by PETAP.org.

What Is the Role of Information Technology?

Strictly speaking, Information Technology (IT) has been influencing society for thousands of years. Smoke signals, the abacus, writing, paper, pens and the printing press were all once considered the forefront of IT because those technologies were the latest and greatest in communication.

But today it is widely accepted that the forefront of IT lies in digital communications. As with all historical Information Technology developments, digital communication technology is revolutionary in terms of society, business, defence and culture.

But what is it about digital communications that sets it apart from all other previous technological advances? What is the role that this technology can play in modern society?

Firstly, IT acts as a facilitator. It is a medium that permits large volumes of information to be stored, processed or transferred at lightning speed. This means that there is more information at hand to make decisions, maintain relationships, monitor markets or follow movements.

The power of this notion should not be underestimated, it allows people to make decisions based on masses of up to date information. The military, educational institutions and large business have long understood the power of this notion but it has only been in the last ten years that mainstream society has also embraced the power of information for both social movements and small business.

Secondly, Information Technology is an enabler. Only a select minority of specialized companies in the world can claim that IT is their business. Most corporations and institutions use Information Technology to enable functions that drive their core business. This may include better communication between staff, suppliers or customers or it may include better asset management. Whatever the function, digital communication makes the storage, processing or transfer of information more efficient than ever before. But it is important to note that in essence it does not change core businesses, ideals, ethics or movements. It just enables them to function at a greater scale much more efficiently.

Lastly, Information Technology assumes the role of custodian. As data and information is amassed on just about any subject you care to imagine, massive stores of data are emerging ready to service any new requests. And therein lies the security paradox that modern Information Technology presents. One can argue that more available information makes our lives more efficient, safer and richer. Whilst the other argument is that the very same information that provides these benefits is also our achilles heal due to the security implications of unauthorized infiltration.

There is little doubt that the role of information technology is directed and constrained by the very technology that defines it. Today, that technology allows us to collect, manipulate and communicate masses of information. As a consequence, the role of IT revolves around improving the efficiency, capacity, speed or accuracy of any elements that can benefit from the functions that modern Information Technology systems provide.