Digitization of your procurement processes is on everyone’s “to-do list” for this year. If you haven’t already adopted the latest technology to enable the efficiency, transparency and consistency these tools offer, you may be behind the curve. One common laggard in this transformation process is your services spend. For many reasons this is the last frontier in the automation journey, but does it have to be left behind? In this session, we will lead a discussion on how forward-thinking companies have captured this elusive spend that includes, non-employee labor, Statement of Work projects, consultants and other forms of indirect categories. We will explain why this is a difficult spend category to automate and how common procurement platforms do not always provide the needed functionality and ease of use to add the value expected. Whether you have included this spend and want to share your experience or you know it belongs on the list for future initiatives, you will find this an engaging session.

• The benefits of automating services spend
• Why services spend is a difficult category
• The features you should look for in a platform’s functionality
• Insights from early adopters

 

Contributors: Art of Procurement, DCR Workforce
Categories: 2018 Spring - Washington DC, Summit Presentations
SRC Type: eSourcing and Tools, Procurement Operations, Talent Management