| | July 20156CIOReviewCopyright © 2015 CIOReview, 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.CIOReviewJULY 10 - 2015Mailing AddressCIOReview44790 S. Grimmer Blvd Suite 202, Fremont, CA 94538T:510.402.1463, F:510-894-8405 JULY 10 - 2015, Volume 4 SE 53 Published by CIOReview To subscribe to CIOReviewVisit www.cioreview.com Editor-in-Chief Pradeep ShankarEditorial StaffSalesT:510.565.7559 VisualizersStephen ThomasK.Manoj kumarPROCUREMENT SPECIALCIOReviewXavier Thomasxavier@cioreview.comManaging EditorJeevan GeorgeUntil recently, procurement was a fundamental, however seldom commended segment in multinational organizations. That is bygone, as now procurement departments inside the enterprises are playing significant role in growth strategy that old fashioned buying supervisors could never have envisioned.The past couple of years have seen procurement becoming an important part in accomplishing cost savings for organizations. As worldwide exchange extends and business conditions enhance, procurement is now being measured as "value centre" responsible for quantifiable return on capital invested targets. Leading procurement organizations are aligning to this by changing the way they operate. Today, the Chief Procurement Officer has to reduce spend with third-party suppliers, drive down the cost of procurement, manage supply-led risk and harness true innovation from the supply base. Procurement leaders have so far identified E-Procurement as the way to reduce the supply chain complexity, manage costs and collaborate closely with the stakeholders. The adoption of the web-enabled process assists an organization in various procurement activities, such as catalogue searches, selecting and ordering goods, and payments. E-Procurement is not just the on-line purchasing power, it takes procurement activity beyond spend management and towards adding value. As the expectations level rise in the case of e-Procurement data and reporting, the extra analytics around every element of the e-Procurement process will evolve gradually. e-Procurement systems will also provide the opportunity to run wider financial analyses using system and imported data. On that note, we present you a special edition on Procurement technology. This edition brings expert opinions from industry leaders on the best practices in procurement. We are also featuring 20 Most Promising Procurement Solution Providers that help clients with agile solutions to climb the growth graph.Jeevan George Managing Editoreditor@cioreview.comProcurement: The new 'Value Center'EditorialAlex D'SouzaFrank SmithLance WestSonia SacharEileen Singh Jade RayNigel WilliamsThomas Browne
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