Over the past 12 months, Synopsys has embarked on a comprehensive procurement transformation journey aimed at establishing stronger partnerships with business stakeholders, enhancing influence over third-party expenditures, and streamlining and standardizing Synopsys’ overall S2P process. This transformation has focused on increasing visibility to improve spend under management, fostering proactive business partnering, and enhancing compliance to drive greater business outcomes and organizational value. In this session, we will share insights from our journey, including the challenges faced and the lessons learned along the way. We will highlight effective change management strategies that have proven crucial in steering large-scale transformations and how other organizations can benefit from Synopsys’ journey.

Contributors: GEP, Synopsys
Categories: 2024 Fall - Rancho Mirage, Summit Presentations
SRC Type: Outsourcing, Procurement Outsourcing / Transformation