Procurement Software Blog

Apple co-founder, Steve Wozniak, once managed to speak directly to the Pope by using a toy whistle.

I’d love for this to be the feed line of a great, if geeky joke, but in fact it’s true.

Almost daily I come across articles about Blockchain. Curiosity has got the better of me and I have started to investigate what Blockchain is really all about. Blockchain in general is a database. More specifically, Blockchain is a Distributed Database that has the capability to store permanent and tamper-proof data.

With digital transformation becoming the buzzword of sorts in procurement alleys, it’s important for CPOs to realize that driving this agenda would require a combination of elements. Their plans of transforming the procurement function can come unstuck if they commit the cardinal sin of overly focusing on one element at the cost of the other.

Software can not only influence the procurement function but can also impact the whole enterprise. Now, more than ever, the behavior and activity across the organization in day-to-day purchasing are driving procurement outcomes.