Impact Analysis Best Practices
Today, it is indeed an uphill task to stay ahead of the global competition in the midst of the constantly changing realities of the interconnected world. Factors such as changing customer needs, unstable market growth, emerging competition, the deep-rooted dependence on obsolete supply management systems, and the growing complexities of the supply chain are increasing the challenges associated with procurement.
However, owing to the new and emerging data sources, traditional supply chain issues are only getting compounded. As a result of which, leading e retail industry players are turning to digital procurement systems to drive business value.
Impact analysis best practices for procurement transformations:
- Identify tasks/processes that need to be updated: The initial step is to identify key tasks that need change and then estimate the effort needed to complete those tasks.
- Evaluate the impact of the proposed change: The proposed change may impact the organization’s pricing decisions, procurement plan, and other such factors. This makes it necessary to gauge the impact of the proposed changes.
- Make technology work for you: It is, in fact, necessary to review the processes that need improvements and then adopt the appropriate technology that best suits the needs of the process.
About the Client
The client is a leading player in the e retail industry in the U.S. Though the client initially started off as an online books’ retailer, today, they are one amongst the largest e retail revenue generators in the world.
Continue reading to gain in-depth insights into the benefits of developing an impact analysis template or request a free proposal.
