Business Reporter: Why Best-of-Breed Solutions are the Way Forward for Procurement Processes
LONDON, Jan. 27, 2020 /PRNewswire/ -- Procurement can successfully evolve through the use of best-of-breed solutions, says Market Dojo.
Amid rapid digital transformation, companies must be able to adapt to change. The need to manage change has never been more apparent, as mistakes made in the supply chain can have detrimental effect to a company's value says software company Market Dojo.
"Reputations take years and years to build but they can be destroyed in seconds through bad supply chain decisions," stresses Alun Rafique, CEO and co-founder of Market Dojo in a Business Reporter video interview.
The problem is that procurement has largely been left behind in a world of digitalisation. Where many areas of the business have developed specialist tools, procurement still rely on the use of emails and spreadsheets. So how can this be tackled? Through best-of-breed solutions, which have endless benefits:
- Fit for purpose
- User friendly
- Quick and easy to pick up
- Far more affordable than an ERP implementation, with faster ROI
- Able to focus more directly on specific customer needs/attention
Nick Drewe, COO of Market Dojo, emphasises that "best-of-breed tools are everything that ERPs are not". These solutions are facilitating a much needed procurement revolution, so that businesses can not only keep up with, but reap the rewards of, digital transformation.
To learn more about why best-of-breed solutions are the way forward for procurement processes, read the full article or watch the video here.
About Business Reporter
Business Reporter is distributed with The Daily Telegraph, The Sunday Telegraph and City AM, with each publication reaching an average of 1.5 million people.
Content is also published through the Business Reporter and teiss websites, which include video debates, online articles and digital magazines, delivering news and analysis on the issues affecting businesses to a global audience.
Business Reporter also hosts conferences, breakfast meetings and exclusive summits, events which bring together some of the most influential decision makers and innovators in modern business. These exclusive events for business leaders give Business Reporter direct contact with readers and help to inform the content and direction of its editorial projects.
Business Reporter is committed to the UN Sustainable Development Goals, and was the first UK member of the UN SDG Media Compact. We have launched a website dedicated to showcasing the work of companies towards these goals at www.17globalgoals.com.
Business Reporter is committed to providing meaningful analysis to everyone in business. Whether you're running a small business, the head of a local company or an executive in a multinational corporation, there's something for you at Business Reporter.
About Market Dojo
Market Dojo are a UK-based software as a service provider, offering on-demand eProcurement solutions. Market Dojo offer a full suite of web-hosted tools, covering eSourcing, Supplier Onboarding, Opportunity Analysis, Contract Management and more.
Market Dojo's platform offers procurement teams, an accessible and affordable solution for procurement teams looking to obtain real value and mitigate risk.
Share this article