PRINCETON, N.J. — Zycus, a world leader in Procurement Technology solutions across the source-to-pay cycle, announced that it has embarked on a major new procurement technology (PT) research initiative in collaboration with Dr. Tobias Schoenherr, Associate Professor of Supply Chain Management at the Broad College of Business, Michigan State University.
“Procurement technologies have evolved significantly over the last 15 years, and new applications are constantly being developed,” observes Dr. Schoenherr. He notes, however, that many companies remain challenged with obtaining initial funding, widespread user adoption or significant measurable ROI in relation to procurement technology investments. The study is, therefore designed, to provide insights on:
- The impact of procurement technologies on firm performance.
- Best practices for driving user adoption of new technologies (among both internal users and suppliers).
- End-user satisfaction and productivity metrics attributable to technology adoption.
- Key user-identified gaps in current technology and prioritized roadmaps for future enhancements.
- Environmental characteristics (contingencies) that heighten the impact of procurement technologies on firm performance.