Procurement Edition
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December 2010 Stay Connected: Oracle MixTwitterFacebookLinkInYoutube
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Oracle and Deloitte Join Forces for Procurement Transformation

In today's economy, enterprises must manage spending more closely than ever before. An effective way to accomplish this objective is to transform procurement from traditional, reactive practices into a proactive, demand-driven environment that uses technology to control transactions and maintain visibility, according to Donald Good, senior manager, sourcing and procurement practice for systems integrator Deloitte Consulting LLP.

A growing number of procurement organizations are achieving this transformation through a combination of Oracle's procurement technologies and Deloitte's breadth of experience in implementing Oracle software applications.

Good says these solutions focus on three critical factors.
  • Policies—Procurement professionals act as partners with business departments to tailor procurement policies built around business needs. "Success today isn't just about driving savings; it's also making sure that each department is getting the results it needs from all the products and services it receives," Good explains.

  • People—Successful transformation gives procurement professionals the responsibility for deciding how to most effectively achieve company policies while at the same time providing the tools for monitoring how well they're meeting business goals.

  • Technology—Technology is crucial to transformation because it enables procurement organizations to automate tactical functions and focus talent on more valuable, strategic activities. Oracle's procurement technologies offer tools for creating workflows and monitoring performance. "Because Oracle applications are flexible, we don't have to re-engineer an organization's procurement processes before it can use the technology," Good says. "We can adapt Oracle solutions to real-world needs while still instilling a disciplined policy and best-practice procurement processes."
Get more information about the benefits of Oracle and Deloitte solutions.

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