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Procurement is stuck. It’s shackled by minimal budget, legacy operating models, manual processes, and antiquated capabilities in the face of stakeholders demanding higher value.
So, what’s the solution? Market intelligence? Predictive Analytics? Risk Management? Supplier Innovation? Yes! But, how do you serve that up through overworked Procurement/IT staff using inflexible ERP and siloed niche cloud apps? You don’t.
You need a new approach. And you need the right processes and technology platforms/tools to run like a professional services provider and industrialize your procurement services model, including tapping supply market power in new ways to help YOU help your stakeholders.
In this webinar, Spend Matters Chief Research Officer Pierre Mitchell and a special guest from GEP will share HOW to:
- Set up your procurement processes as ‘services’ and use state-of-the-art software to enable this 'virtualization'
- Translate your stakeholder services back to third-party services: apps, info/intelligence, and managed services
- Use spend visibility as an integration strategy and transformation strategy
- Harmonize and synchronize master data to enable integration and improve analytics
- Use not just sourcing tools, but even P2P tools in new ways to engage stakeholders and execute broader strategies
We’ll be sure to share lots of case study examples that will help you build a vision, strategy, and business case for “Procurement as a Service.” Don’t miss it!