The Future of Procurement Technology

Research has shown that leading companies today employ extensive use of procurement technology for purposes of driving high performance. Procurement masters do this in the following ways:

  • Provide heavy support to their source-to-pay process via a complete suite of integrated technology modules.
  • Achieve “one version of the truth” through the harmonization of master data across systems and consistent maintenance procedures.
  • Have access to highly visible data so as to enable full reporting.
  • Boast a full portfolio of supplier integration technology.

Today’s procurement masters therefore enjoy significant payoffs, delivering 2.5 times more value for every dollar spent in procurement, in comparison to average performers. But what lies ahead with regards to procurement technology benefits of the future? Take a look.

Innovative Technology

With the economy still in recovery, business focus has shifted to technology that is easy to deploy and which delivers a quick and tangible ROI. Granted, technology today typically focuses on the manufacturing element of the enterprise, which is where the money is made. Nevertheless, procurement remains at the heart of every organization; therefore innovation in technology can help boost procurement engagement ultimately leading to a reduction in costs and increase in savings.

Increased Connectivity

Procurement managers of the future will increasingly need to adapt to the convergence of work and play. Consumer-style expectations will persist in their migration into the workplace with access via the traditional PC/ browser-based platforms being superseded by apps. Procurement technology applications will shift their focus to engagement and usability so as to drive efficient processes and fantastic compliance. Additionally, as with the internet, technology is set to become even more connected over time.

Intelligent, Multi-Dimensional Data

Business procurement is set to resemble consumer procurement platforms such as eBay and Amazon. This will be achieved through technology that is more intelligent and which utilizes multiple dimensions of data to steer spending behavior towards the most attractive deals. In this way, procurement managers will be able to make purchasing decisions that are quick and better informed.

An efficient and integrated technology foundation is critical for achieving such results for the business of the future. This will also require thought leadership in procurement and sourcing, specialized skills for SAP procurement and global client experience to assist an organization in the maintenance of a reliable, high quality supply base while reducing costs. It is such a foundation that will provide your business with a procurement technology framework that will power high performance for years to come.

MyVideoTalk Technologies – Application Review and Quick Start Advice For Serious Reps

MyVideoTalk is an increasingly popular online tool that helps people make full use of the latest video technology. There are several MyVideoTalk technologies that attract leads. The most popular ones have been listed here:

MyVideo Designer:

This online application is there to help you design personalized emails. Long, traditional, monotonous emails that speak about products can be very plain an unappealing! However, you can reform them completely and design it using color combinations, logos, pictures, and banners. They’ll definitely attract your customers. This is one of the most sophisticated and helpful MyVideoTalk technologies that you can use. You can also use it as party invitations for commercial or personal meetings and for public demonstration.

MyVideo Channel:

Another one of these MyVideoTalk technologies application can easily be compared to YouTube. MyVideo Channel is a powerful communication platform that helps you stay in touch with your relatives via exchanging video clips and footage. You can upload video clips and express yourself in front of the entire world. It’ll benefit you professionally as well as personally. This is how people can instantly put a face with a voice.

MyVideo Presentation:

This is one of the most commercially oriented MyVideoTalk technologies. It helps the business owners to showcase products using video clips in an interactive manner. You can use this technology to share your data, graphical representations, and PowerPoint presentations. These online presentations can be uploaded or downloaded within a matter of seconds.

MyVideo Broadcaster:

MyVideo Broadcaster is probably the simplest of all the MyVideoTalk technologies. It helps you in organizing live presentations and meetings. Most corporate style organizations already use this feature in organizing group discussions and for product demonstrations. This feature will greatly cut down your traveling expenses and related charges on arranging meetings every time. The companies generally use this application for launching their new products in the market.

MyVideoTalk Opportunity

You may be wondering how you can let others know about the wonderful MyVideoTalk technologies that are out there while capitalizing on your efforts. You need to learn how to properly market online. If you’re sick and tired of not seeing the results from the business side of the house, then I invite you to check out the resource box now!

Oliver Lawal: A UV Technology Innovator

Oliver Lawal is like many scientists and engineers in the UV technology field, with intellectual interests that span a wide range. At the University of Manchester England, where he studied electrical, mechanical and software engineering, “I couldn’t decide on one field of study,” recalled Lawal, “so I graduated with multiple degrees and an understanding of several areas.”

Since then, Lawal has lived and worked in six different countries and his expertise contributed to many important projects in UV technology applications. “My first involvement with UV was as a Project Manger in the United Kingdom. I worked on the first large-scale UV installation using variable power electronic ballasts driving low-pressure amalgam lamps,” remembered Lawal. After this, he worked on a UV installation at a nuclear power station in France. Lawal then went on to work on the largest UV wastewater project in the world (at that time) in Auckland, New Zealand.

All of these endeavors have contributed to Lawal’s outlook and vision for UV technology. In this growing field, technology is evolving quickly. Lawal refers to this growth as the water-energy-technology nexus. “We have the ability to help ensure sustainability of our most precious resources for future generations by developing better and better technical solutions to our water and energy stresses,” commented Lawal.

Oliver Lawal’s family has been involved with the energy industry for some time. His grandfathers were motor sport enthusiasts and this helped to stimulate his initial interest in technology and engineering. Yet it was Lawal’s parents’ interest in environmental issues that ultimately led him to a career in water. He recalls his father’s comments about the difference in experiencing oil or water shortages expressed this way: “If we run out of oil tomorrow, we’ll all be driving electric cars. But, if we run out of clean water tomorrow, driving will be the least of our problems.”

Lawal’s professional life is challenging and rewarding. Today, he’s a board member with International Ultraviolet Association (IUVA) and he is president of Aquionics Inc., a company with a 30-year track record in selling and maintaining UV water disinfection technology to municipal and industrial water and wastewater markets in North America. Lawal shares a birthday with Amelia Earhart, and he professes to have the same sense of adventure as her. In his leisure time, he enjoys riding motorcycles and driving racecars, activities that reinforce his passions for technology and adventure.

The UV technology industry has changed since he began his career in the late 90s and it will continue to evolve. “From the perspective of equipment design and operation there is no question that our ability to more accurately predict and control process performance has increased dramatically,” notes Lawal. New techniques such as computational fluid dynamics, microbiological assays, power control and UV-C monitoring are more refined and more commonplace now. “This has resulted in great improvements in energy consumption and a reduction in operational risk,” observes Lawal.

Lawal believes that growth and improvement in UV water disinfection technology has a direct impact on the public health, by controlling pathogens in public water and wastewater supplies. “The sheer breadth of applications seen today, targeting very specific results, is staggering,” says Lawal. “The reduction of endocrine disrupting compounds, total organic compounds, ozone, chloramine, chlorine, cryptosporidium and viruses are commonplace and the applications using them expanding,” he added. Applications that are directly impacted include: ballast water, combined sewage overflows, aquatics, hydraulic fracturing, medical devices, semi-conductors, pharmaceuticals and more.

As president of a leading provider of UV technology, Lawal maintains a focused approach with a close eye towards ethical concerns. “It is important that we do not take shortcuts for short term commercial gains,” he says. “As the sphere and influence of UV technology grows, and new technical solutions like UV-LED’s become available, we need to ensure all stakeholders: regulators, process designers and users understand the critical issues. Regulation is important – it must be robust yet enabling. Process design must be sound and ensure seamless integration with other technologies. And ultimately the technology must be executed in a manner that allows safe and reliable operation.”

There is no doubt that the cleanliness of water impacts the lives of people worldwide. By focusing his life’s work on improving the quality of public water and wastewater with UV technology, Lawal is reiterating his parents’ vision for a cleaner environment and taking the necessary actions to implement this by working towards these goals on a daily basis.