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.

Android Developers – Developing a Cutting-Edge Android OS and Applications

Are you aware of the latest mobile phone developments? Technology evolves tremendously and you should chase every progress of it in order not to be left behind. The trend of technology innovations is moving too fast. That is why some people cannot be able to catch up with the latest updates about the best and newest products of technology. Whether we like it or not, we cannot stop or control the rapid pace of every development in technological applications and products. Today, we are living in the modern era and we need to embrace and adapt what technology has brought for us. The fastest development of technology is found in the advancement of mobile phones. Every year or even every 3 months, there are new models of phones released in the market. Currently, the latest mobile phones are smart phones and android phones. Smart phones and android developers are both determined to develop more enhancements most especially in the operating systems and software applications. However, android phones have more features and a stronger platform foundation. These are the factors that make the android phones turn out to be better than smart phones.

Android developers have developed an extensive and a cutting-edge application development. The objective of the development for the android operating system and applications is to provide users with a handy operational phone. There are so many dynamic features that can be used freely by the android users. Like the application framework that enables you to customise, change and reuse its components. The open development platform of android phones is providing the users with rich useful features. It is built with an open source operating system that is why you can possibly download or install any android or other apps because it can be recognised by the android’s OS and platform. The richness with the innovative applications in the android phones is worth the price. Most people prefer to buy mobile phones that can access almost all applications. Android phones are the most reliable mobile phone that can provide users’ demand. In fact, other phone manufacturers want to take advantage of android’s rapid and astounding development. Their objective is to make a good partnership with the android manufacturer because they know that they can’t compete with it in the market. Android phones’ acquisition creates remarkable impressions to the consumers and phone marketers as well.

Software application developers successfully provided solution to the compatibility issues to other mobile phones and in synchronizing apps mainly in gaming. There are three android operating systems that have been created magnificently by the professional developers. These are the Froyo, Gingerbread and ICS (Ice Cream Sandwich). These improve the interface of android phones to make it more advanced.

Importance of Web Technology Applications in Pharmaceutical Meetings

With many companies in the industry falling short of new and unique compound it is harder for pharmaceutical companies to continue to fork out the billions of dollars in development as in the past. The time taken for a new drug to get the regulatory approval from the U.S. Food and Drug Administration is on an average ten to fifteen years and estimated one million dollar.. With each delay making a blow to the profitability of the concern, the industry is forced to rely on web technology applications to speed up the other processes.

The primary step to be taken by these companies is to introduce the web technology applications in pharmaceutical meetings that enable the participants to have a better understanding on the business needs and to quickly identify the opportunities and advancements made in the technology. With web application tools like teleconferencing and video conferencing creating a stage for easy communication irrespective of the geographical location of the participants of the meeting, the employment of advanced technologies can eradicate the barriers of time.

The pharmaceutical meetings have introduced web technology applications to conduct web seminars or the Webinars. With the pharmaceutical companies using a mix of biology and chemistry, there are loads that each need to be informed about. With web conferencing giving access to the participants to watch an online presentation, besides the facility of sharing desktop, these group presentations and meetings create an effective output. The interaction between the participants gets enhanced when the query put forward by one finds an immediate solution from another.

The platform created by the web technology applications in pharmaceutical meetings permits the meeting and chatting of scientists from any field irrespective of their place of location. The time and cost savings spared through web application-employed meetings is immense.

The whiteboards are a great way for conceptualizing the ideas of the members of the pharmaceutical meetings. Identification of the tools used by others and ways for improving these ensures better outcome. The drawing and annotation tools like the pencils, pens and virtual sticky notes offer an interesting way of carrying out detailed discussions by the members. The web technology applications are also used by the pharmaceutical companies to share a document to which access to a restricted few permits the opportunity to make modifications to the document on a real-time basis, creating a great stage for follow-up.