Procurement Systems Integration Within the Enterprise: Exploring Integration In The Cloud

One of the side effects of the rising stature and role of procurement in the past decade is that the function is no longer a purchasing silo of its own. As a result, procurement – both teams and systems – is interfacing with more systems as it expands its role and reach across the enterprise. An essential component of this expanding charter is the need to increasingly focus on influencing, controlling and managing front-line buying and spending decisions. To be effective, however, the mission requires linking procurement and process more tightly across all of the systems including ERP (financials), inventory management, human resources/human capital management (HCM), vendor management systems (VMS), customer relationship management (CRM) and other business applications.