“We really need to get back to basics and think of technology as one aspect of the system. A system contains many things. It contains people, it contains technology, it contains content. All of those things need to solve a problem. It takes a while to understand what are the best problems to solve and where the right system can add the most value.”
You have just been appointed to a new CPO position. Your executive leadership team is looking at you to make an immediate impact while setting up procurement as a driver of sustainable, long term value. You know that your first 100 days in the role may make or break your career. What do you do? Where do you start?
In this special 5-part series, made possible through a partnership with Efficio, we will provide you with the roadmap you need to hit the ground running.
In this fourth episode of the series, I spoke with Peter Wetherill, a Principal at Efficio, about where to start with the new technology that you are expecting enable your elevated procurement value proposition.
In addition, Peter and I discussed:
- The legacy of wasted time and resources associated with technology implementations
- How important procurement’s technical ‘literacy’ is to the realization of post-implementation ROI
- Where to begin in a non-digital procurement organization
- How to evaluate technology that is already in place
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