JUNE 2016CIOAPPLICATIONS.COM6EditorialChange Knocks the Door of the CPO's Office"Saving, Delivery and Purchasing" are terms that have become synonymous with the infamous role of Chief Procurement Officer. The role, however, is being redefined; today the role is evolving. A key driver enabling this transition is the advent of new technologies.Today, CPOs have to face a complex landscape interspersed with sustainability concerns, legal issues, and ethical and regulatory considerations that can affect their company's bottom line and brand image. However, playing a crucial role in leveling the playing field is of the convergence of SMAC--increasing collaboration, agility and the pace of innovation.With the Cloud, the CPO's dream of having a single, (unified cloud-based) procurement platform that will streamline and automate the various procurement processes--spend analysis, contract management, savings tracking, and procure-to-pay--is now a reality. This changes the very equation that a CPO has to deal with by boosting process efficiency and allowing stakeholders to efficiently optimize savings opportunities.The combination of the two mega trends--Cloud and mobility-- provides the necessities to envision a mobile procurement software that could allow the procurement team to work from anywhere and on any devicehelping to escalate productivity to new heights and paving way for effective decision making.With the increased usage of Mobile and Cloud, Social Media is not far off in this renaissance of sorts in the Procurement space. With the help of built-in social collaboration tools, procurement technology can immensely help procurement teams foster innovation with increased collaboration with suppliers and reduce risk. Analytics has also gained an important place in the CPO's office. A procurement technology solution comprising Artificial Intelligence-based analytics and advanced risk management tools, delivers actionable insights to help maximize savings opportunities and mitigate risks before they happen."Creating Value" is deemed to be the new synonym associated with the future CPO. The modern CPO is bombarded with solutions and vendors from all directions but the trick lies in choosing a solution that fits in the agenda of the company. At this cusp, CIO Applications Magazine presents to you "25 Procurement Solutions Transforming Business". A panel of prominent industry experts and the editorial board has carefully and tediously scrutinized the list. Flip through the pages to understand the value proposition they could bring to your firms. Also interspersed are insights from various leaders in the Procurement space. We hope you enjoy reading this as much as we enjoyed putting this edition together.Sarah WilsonManaging Editorsarah@cioapplications.comJUNE - 15 - 2016Procurement SpecialCopyright © 2016 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof. JUNE - 15 - 2016, Volume 01 - 08 Published by ValleyMedia, Inc. To subscribe to CIO ApplicationsVisit www.cioapplications.com Managing Editor: Sarah WilsonVisualizer:Ajay K DasStephen ThomasEditorial Staff:Aaron Pierce Alex D'SouzaAva GarciaJoshua ParkerShirley Faith Anusha JainSales:Xavier ThomasXavier@cioapplications.com510.371.0422Mailing Address:ValleyMedia, Inc.44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538T:510.230.0396 F:510-894-8405
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