Sourcing and Procurement Excellence in the Networked Economy

Procurement executives are continually challenged to maintain sustainable savings, overall operational efficiency and risk mitigation in today’s highly volatile commodity markets and risk-prone global supply chains. Organizations today look up to procurement teams to deliver value beyond tactical savings. Procurement is increasingly seen as the driver of business value through cross-functional collaboration within the enterprise as well as outside. But how do you keep the momentum going? In this session, we will explore how a truly integrated Source-to-Settle process offers a tremendous ROI, with spend analysis driving effective sourcing, suppliers well-managed and contracts in compliance.  A successful journey begins with the vision and a solid business case and continues through effective deployment of technology and the necessary process change management.

Topics covered in this session included:

  • How an integrated Source-to-Settle process creates ROI
  • How optimizing spend analysis can drive effective sourcing, well-managed suppliers and contract compliance
  • How to effectively deploy technology and process change management 
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