Hiller Associates is pleased to announce a new article in SpendMatters.com! Spend Matters plucky founder, Jason Busch was having a conversation with our founder, Eric Arno Hiller, about the growth of the market of Product Cost Management software and the state of the art today. Well, that is chicken soup to Eric’s soul. It’s a TWO-part series, so read this one and look for the next very soon!
Here’s a teaser: (but, if you’re just impatient, click here)
A lot has happened in the world of procurement software in the last 20 years. Purchasing has added a lot of new tools to what was mostly a relationship-focused discipline. These developments include:
- Data-rich environments of spreadsheets, MRP and ERP systems
- Supply chain management and supplier relationship management systems
- Online auctions
- Spend analytics tools/product cost management (PCM) software
Although the relationship side of the business is just as important as ever (some might say more important), purchasing analytics are here to stay, and they continue to become more prevalent in the discipline. The same is true for product cost management tools and their offshoots of service cost management tools. In this series, I am going to discuss the evolution of these tools and the state of the art.
Our roadmap to this journey through time and technology is shown in Figure 1….
Curious? Yes, you are. To learn about what softwares are on the market today, what they can (and can’t do) and how they can generate impact for your company,read more here!