| | June 20194EditorialProcurement functions today are increasingly becoming part of an organization's value stream and are proving to be more influential in contributing to the overall business strategy, growth agenda and competitive advantage. Procurement leaders are expected to expand their remit from a focus on cost leadership to enabling innovation, agility and supply certainty. For a long time, many organizations have based their procurement activity solely on reducing costs. Cost reduction is still important in 2019 but procurement teams need to place more emphasis on return on investment and be more strategic in their activities. Digital technologies including cryptocurrency, blockchain, cloud, internet of things (IoT), artificial intelligence (AI), and robotic process automation (RPA) are expected to continue to gain momentum and become increasingly prevalent in the procurement domain. According to a survey conducted by Forrester Research, 60 percent of enterprise organizations and 54 percent of midmarket organizations are making accelerating their digital business a top priority. More and more organizations are switching to cloud-based, automated procurement solutions, allowing them to operate at a faster pace, more efficiently. Some of the benefits include reports viewed in real-time on any device, invoices approved on-the-go, and invoices matched automatically against purchase orders, allowing procurement teams to focus on more value-adding roles such as improving technologies further and assessing data for better decision-making. As procurement professionals' jobs change, additional skill sets are gaining importance; soft skills like leadership, strategic and critical thinking, creativity, and imagination are now just as vital as the hard skills more typically required in procurement professionals. In this issue, CIOReviewIndia brings to you a list of 20 Most Promising Procurement Technology Solution Providers who have proved their mettle in this domain with their innovative approach. These companies pride themselves on keeping pace with the latest technological advancements in this domain. We hope this issue gives you helpful insight into this market landscape. Sudhakar SinghEditorsudhakar@cioreviewindia.comProcurement Contributing To Business Strategy VOL 7 · ISSUE 6-8 · JUNE 6 - 2019 PublisherOffice Editorial queries editor@cioreviewindia.com To subscribeVisit www.cioreviewindia.com/magazine-in or send email to: subscription@cioreviewindia.comCover price is Rs 150 per issueAshok KumarVirupakshi PattarAlok ChaturvediGroup Art DirectorVP - Sales and MarketingMagendran PerumalCirculation ManagerEditorial TeamCIOReviewIndiaNo. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugheshpalya, Bangalore-560017Vetrivel SSivasankar SEditorSudhakar SinghVisualizersAdvertising queriessales@cioreviewindia.comBangaloreTel 080 46441103Sales and MarketingAmrit SinghIndranil ChakrabortyRavi Kalgi Rohit RaghubanshiAmeet Kumar SahooPrinted and published by Alok Chaturvedi on Behalf of Bizprint Media Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published at No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Copyright © 2019 Bizprint Media Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or il-lustrations. Views and opinions expressed in this publication are not neces-sarily those of the magazine and accordingly, no liability is assumed by the publisher.Chitra MishraEmmanuel Christi DasLakshmi GNazish HussainRachana ShekarAnitha ThomasSuchita GonsalvesVinisha PaivaNoidaTel 120 4639300
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