Denali Group research points to virtual procurement

08 Nov 2010

Source: Business Wire

As part of its ongoing research into procurement innovation, the Denali Group procurement and supply chain consultants, released its third prediction for the future of Procurement: The Virtual Procurement Organization. The prediction is based on insights garnered from Denali Group’s in-depth research with more than 50 Procurement and Supply Chain executives from a variety of Fortune 1000 corporations.

The move towards the Virtual Procurement Organization is facilitated by a combination of innovations that optimize both strategic and tactical Procurement resources. “These exciting, rapidly-evolving technologies and methods are changing the face of the modern Procurement operation,” said Denali Group managing partner John Evans. “Take for instance the benefits of Cloud-based technologies, which offer lower costs, increased scalability, increased flexibility, and faster deployment. These types of monumental changes not only accelerate cost savings, they also help grow top-line revenue and drive shareholder value.”

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