Direct and Indirect Procurement in the B2B World

EDITOR’S NOTE: The following is part 3 in a 4 part series by cloudBuy’s Nilesh Gopali that has been published in the Brokers Forum of India magazine.  You can access parts 1 and 2 in the series through the following links; July issue, page 26 for article part 1 of 4  and August issue, page 31 for article part 2 of 4

“Technology is the key in the supply chain organization of the future.  The right technology will enable enterprise-wide supply management, external supply chain visibility, and internal and external collaboration.”

The above is an excerpt from the Enabling Technology section of a ISM, CAPS and A.T. Kearney Report that was originally released in May 2007.  So why is it relevant here in 2014?

Simply put, it reflects the enduring truth that while technology has and will continue to evolve, the core objectives in procurement remain the same.  Specifically, the…