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The Rise of Postmodern ERP & its Impact on Procurement

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A system that is not sufficiently flexible to meet changing business demands is an anchor, not a sail, holding the business back, not driving it forward.” – Gartner Says By 2016, the Impact of Cloud and Emergence of Postmodern ERP Will Relegate Highly Customized ERP Systems to “Legacy” Status (January 29th, 2014)

For those procurement professionals who have been in the industry for a certain amount of time, Gartner's assessment relating to what the analyst firm called "the postmodern" ERP era was a bellwether statement that was long overdue, especially given the challenges that these "legacy" systems presented in critical areas such as operational efficiency related to the procurement process, and big data analytics.

However, going from a legacy system environment to the promise of the virtual cloud is not a technology only transformation. It requires a revision of our thinking as a profession as a whole so that we can move outside of the framework of our familiar roles to understand how we can leverage technological breakthroughs to maximize both our impact on and value to our organizations.

In this deck, industry experts will join Procurement Insights' Jon Hansen in mapping out the procurement strategy for the new digital age.

Published in: Technology
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The Rise of Postmodern ERP & its Impact on Procurement

  1. 1. The Rise of Post Modern ERP & its Impact on Procurement Access an on-demand Webinar on this topic here: https://zyc.us/2IQxBHF
  2. 2. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Zycus Horizon – Now in the Heart of Europe Adding Aha to Praha Horizon Europe to be held from June 10 -12, 2018, in the Luxurious 5-Star Hotel Boscolo, Autograph Collection, Prague The three day extravaganza focuses on – • Procurement best practices sharing • Dedicated networking opportunities, and • Thought leadership sessions by industry experts, customers and academicians Event Theme: Procurement Strategy in the Digital Age REGISTER NOW using code “earlybird” and avail the special introductory price of €399 (inclusive of conference pass + 3D/2N stay at Boscolo, Prague + All Meals + Shuttle Service from & to the airport). To know more write to us at horizoneu2018@zycus.com
  3. 3. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Amber Christian Founder- Ace, LLC Amber’s passion is the intersection of business and technology. She has extensive experience implementing SAP ERP software. Amber innovates for her customers, leading and implementing in over 55 countries across 6 continents. She is a frequent author and speaker on all things treasury, accounts payable, finance and technology. Can you also share what will be done for promotion of the webinar, and how I can help in that? Warm regards, . Speakers
  4. 4. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Jon Hansen Editor and Lead Writer, Procurement Insights As the Editor and lead writer for the Procurement Insights Blog, Jon Hansen has written nearly 3,000 articles and papers; as well as five books on subjects as diverse as supply chain practice, public sector policy, emerging business trends and social media. In addition to being a much sought after speaker and moderator internationally, Jon is also the host of the highly acclaimed PI Window on The World Show on Blog Talk Radio, which has aired more than 800 episodes. A two-time Ottawa Finalist for the Ernst & Young Entrepreneur of the Year Award, out of a group of 15,000, Blog Talk Radio named Jon Hansen as one of their top 300 hosts. Speakers
  5. 5. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay # for TweetChat . . . #PostERP
  6. 6. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Agenda • What led to the Postmodern ERP era? • How will your role as a procurement professional change? • What is the technology of the future – today?
  7. 7. Where Are You Today?
  8. 8. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Poll Number 1 Is your current solution ERP-based? • Yes • No • Not Sure
  9. 9. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay What Led To The Postmodern ERP Era?  A system that is not sufficiently flexible to meet changing business demands is an anchor, not a sail, holding the business back, not driving it forward.”  “When ERP was in its heyday, CEOs and business executives wanted reliable and integrated solutions, so they seized upon ERP as the way to provide this.”  CEO’s “assume that these qualities will be present in any software solution, and their requirements have switched to the twin concerns of lowering IT costs and seeking increased flexibility. ” Gartner Says By 2016, the Impact of Cloud and Emergence of Postmodern ERP Will Relegate Highly Customized ERP Systems to “Legacy” Status (January 29th, 2014
  10. 10. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay What Led To The Postmodern ERP Era?  The Impact of Cloud and Emergence of Postmodern ERP Will Relegate Highly Customized ERP Systems to “Legacy” Status.” Gartner, January 29th, 2014 Gartner Says By 2016, the Impact of Cloud and Emergence of Postmodern ERP Will Relegate Highly Customized ERP Systems to “Legacy” Status (January 29th, 2014)
  11. 11. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay What Led To The Postmodern ERP Era?  I would say that one of the biggest challenges facing Purchasing leaders . . . at bigger organizations is to escape from the constraining clutch of legacy enterprise systems. Does Gartner’s “Postmodern” ERP moniker put a positive spin on what is in reality the equivalent of technology landfill? Procurement Insights, December 6th, 2014
  12. 12. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay What Led To The Postmodern ERP Era?  As the transformation takes place I think looking back Purchasing professionals will be surprised how much the ERP system actually limited what purchasing could do. Does Gartner’s “Postmodern” ERP moniker put a positive spin on what is in reality the equivalent of technology landfill? Procurement Insights, December 6th, 2014
  13. 13. Seeing Beyond The Technology Access an on-demand Webinar on this topic here: https://zyc.us/2IQxBHF
  14. 14. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Poll Number 2 How much will your role as a procurement professional change in the postmodern ERP era? • Not at all • Somewhat • Moderately • Significantly
  15. 15. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay How Will Your Role As A Procurement Professional Change?  Looking back, it is clear that 2005 was the beginning of a digital transformation for Lenovo. And it was through that transformation we recognized the importance of having a culture that embraces an IT evolution. In other words, we had to look beyond the technology to ensure that the right people were in place to transform objectives into the initiatives that would lead to tangible outcomes. Lenovo: A Cultural Transformation, Colin McIsaac, Managing Director Lenovo Canada
  16. 16. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay How Will Your Role As A Procurement Professional Change?  Of course, when I talk about looking beyond the technology, I am not suggesting that it is not an important part of the digital transformation equation. It most certainly is, which is why we are continuously pushing our technology to the cloud’s edge. In this regard, Lenovo believes that a “sound” digital strategy should reflect (the following) three key objectives. Lenovo: A Cultural Transformation, Colin McIsaac, Managing Director Lenovo Canada
  17. 17. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay How Will Your Role As A Procurement Professional Change?  Enabling workers to be mobile and productive; workers need to be equipped for anywhere, anytime, anyway computing to maximize your digital transformation investments. Lenovo: A Cultural Transformation, Colin McIsaac, Managing Director Lenovo Canada
  18. 18. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay How Will Your Role As A Procurement Professional Change?  Streamlining internal operations; to provide maximum system uptime, allow more IT flexibility, and enable better hardware utilization advanced technology solutions that are Agile and Customer-Centric must be better leveraged. Lenovo: A Cultural Transformation, Colin McIsaac, Managing Director Lenovo Canada
  19. 19. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay How Will Your Role As A Procurement Professional Change?  Ensuring seamless collaboration; giving local and remote workers ready access to the tools and technologies they need to do their jobs from start to finish through seamless collaboration is a crucial component of digital transformation. Lenovo: A Cultural Transformation, Colin McIsaac, Managing Director Lenovo Canada
  20. 20. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay How Will Your Role As A Procurement Professional Change?  In the end, harnessing the power and the promise of technology is about people as much as it is about hardware. Lenovo: A Cultural Transformation, Colin McIsaac, Managing Director Lenovo Canada
  21. 21. What Does Your Future Look Like To YOU? Access an on-demand Webinar on this topic here: https://zyc.us/2IQxBHF
  22. 22. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Poll Number 3 In the context of the digital age, which term are you most familiar with? • Hyper-Convergence • Digital Readiness • Cybersecurity • Data-Centric Architecture • Relational Data • Other
  23. 23. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay What Is The Technology Of The Future - Today?  Hyper-convergence in a multi-cloud, multi-architecture environment enables IT departments to deal with the inevitable changes in workload requirements quickly and for the most part seamlessly through a single point control management system. Hyper-convergence In The Digital Age
  24. 24. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay What Is The Technology Of The Future - Today?  Have access to real-time data to drive competitive advantage and bottom-line results.
  25. 25. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay What Is The Technology Of The Future - Today?  Digital-readiness is a pressing need for CEOs to “find and deploy the right technology as fast as their budgets will allow.” When they talk about deployment, it means “leveraging” the best technology whether on-site or in the cloud, “to deliver the highest levels of performance and security for today’s mobile and tech-savvy users. Hyper-convergence In The Digital Age
  26. 26. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay What Is The Technology Of The Future - Today?  Digital transformation empowers by providing better access to higher-quality information and service options.
  27. 27. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay What Is The Technology Of The Future - Today?  Securing the Enterprise of Things is a massive undertaking, and requires a completely new approach to cybersecurity . . . because when everything is connected, everything is a target. And if even a single endpoint in a system is unprotected, nothing is secure. Hyper-convergence In The Digital Age
  28. 28. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay What Is The Technology Of The Future - Today?  Cybersecurity is not just about protecting data, but also protecting people – the secure flow of information is both mission- and safety- critical
  29. 29. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay What Is The Technology Of The Future - Today?  Data is the new oil - it is the single most important asset that companies have today . . . To maximize your return on such a valuable asset requires that you adopt what I call a Data-Centric Architecture framework. Hyper-convergence In The Digital Age
  30. 30. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay What Is The Technology Of The Future - Today?  Organizations must put data at the core of their infrastructure in which they manage their “own” data-as-a-service environment, through the provision of rich storage services.
  31. 31. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay What Is The Technology Of The Future - Today?  Data was something that you stored and kept safe, unlike today when we talk about transforming your data into a strategic asset . . . if we want to transform real data into real benefits, we need to think of what “relational” means in an expanded if not different light. Hyper-convergence In The Digital Age
  32. 32. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay What Is The Technology Of The Future - Today?  While there is without a doubt tremendous benefits associated with technological breakthroughs, the article rightfully points out that to get to this point requires “greater insight and collaboration.” It requires stronger relationships that foster curiosity, trust, and purpose-driven exploration. Hyper-convergence In The Digital Age
  33. 33. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Revisiting What Led To The “Postmodern” ERP Era?  A system that is not sufficiently flexible to meet changing business demands is an anchor, not a sail, holding the business back, not driving it forward  When ERP was in its heyday, CEOs and business executives wanted reliable and integrated solutions, so they seized upon ERP as the way to provide this  CEO’s “assume that these qualities will be present in any software solution, and their requirements have switched to the twin concerns of lowering IT costs and seeking increased flexibility Hyper-convergence In The Digital Age
  34. 34. Q&A Access an on-demand Webinar on this topic here: https://zyc.us/2IQxBHF
  35. 35. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay # for TweetChat . . . #RPA2018
  36. 36. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Speaker Contact Information • Procurement Insights Blog: https://procureinsights.wordpress.com/ • Twitter: @piblogger1 • LinkedIn: https://ca.linkedin.com/in/jwhansen • News Story Hotline: 819-230-2131
  37. 37. Need more insights? Access our On-Demand Webinars and gain knowledge on Procurement Thought Leadership. https://zyc.us/2IQxBHF Follow us on social media for more updates! Twitter | LinkedIn | Google+ | Xing
  38. 38. +1 866 563 9219 info@zycus.com www.zycus.com

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