Procurement: GE’s Challenge of Evolving Transaction into Sourcing

Transactional management is often considered a minor procurement task, yet it is one of the major root causes of business inefficiencies considering a global scenario. Is there a way to leverage and configure while having strategic sourcing in mind? No doubt, digitization and analytics technologies have brought great real-time visibility; but how can we effectively integrate them into a process that adds value to our customers? This presentation is designed to illustrate how a fragmented purchasing process can be transformed into a more efficient, end-to-end centralized and robust operational model.

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