| | November 20186CIOReviewProcurement processes, when augmented with the right technology and wisdom, can help enterprises further snip their spending, and can even assist decision makers identify market insights from the noise. While technologies such as blockchain promise to impart a great deal of transparency into procurement, solutions with analytics capabilities help enterprises in making informed and assurance-backed decisions. By embracing innovation, procurement has become more integrative with other business functions, which inevitably, is the need of the hour, given the process' heavy dependency on provenance, decentralized coordination, and transaction history. Cloud-based technologies and IoT will continue to "centralize the decentralized" and increase the accessibility and scalability of cutting-edge procurement tech for smaller enterprises.From helping enterprises facilitate internal needs analysis and research into supplier market, to implementing all-round sourcing strategy and subsequent contractual improvements, there are a plethora of procurement players in the market today to address, streamline, and deliver customized solutions. However, when it comes to identifying the right solution stack, separating the gist of value from marketing jargons has always been a confusing task for CIOs. The procurement vertical is no exception. After all, at the end of the day, cost advantages and cash flow improvements are still the driving force of procurement and supply chain functions; and procurers of procurement solutions ought to baseline their decisions accordingly. As always, to bring clarity into this ever-expanding space, CIOReview proudly presents its special edition on procurement trends and solutions. For us, coming up with this edition has been a dive into exploring a number of innovative service providers, changing trends, needs of the hour, and a glimpse into how the future of the space would turn out to be. We hope the valuable insights from industry thought leaders and the cutting-edge solutions from leading as well as emerging companies featured in this edition will help you in making informed decisions for your institution.Let us know your thoughts.Jeevan George Managing Editoreditor@cioreview.comEditorialCentralize your Data. Make Better Sourcing Decisions.Copyright © 2018 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.CIOReviewNOVEMBER - 8 - 2018Editorial StaffSalesAbhinav Sharma Justin SmithKenneth ThomasLester D'SouzaKyle SummersSarah FernandezKatherine Joneskatherine@cioreview.comManaging EditorJeevan GeorgePROCUREMENT SPECIAL*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffVisualizersJeevan JyothiAsher BlakeContact Us:Phone:510-402-1463Fax:510-894-8405Email:sales@cioreview.comeditor@cioreview.commarketing@cioreview.com November - 8 - 2018, Vol 07 SE 85 Published by ValleyMedia, Inc.To subscribe to CIOReviewVisit www.cioreview.com CIOReview
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