Selective technological interventions to address operational inefficiencies can also be termed as “Digitalization” -- although in a manner that is more of a means to an end i.e., a good starting point towards complete overhaul of systems and processes.
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Procurement function in any multi-billion dollar company sits on a huge pile of lease-related data. With just six months remaining, companies have to look beyond the finance department and leverage their sourcing expertise to have a successful transition to IFRS 16.
Inappropriate contracts and plans, lack of proper policies for international roaming, underutilization of voice lines and mobile devices, premature device replacements and unnecessary data downloads are the main reasons for unbridled rise in telecom spend. There is a way to fix this problem.
We all have purchased something or other from online shopping portals. Can the same experience be replicated across procurement categories? Especially, when it comes to Indirect Services categories, which are hard to structure or commoditize?
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