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