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Proving your Procurement Value (BravoSolution, Spend Matters EU/UK)
Wednesday, December 07, 2016, 11:00am - 12:00pm
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All the core processes and enablers we have talked about through this year's Real World Procurement series (sourcing, transactional management, supplier management, people and tools) don't help the procurement function if the rest of the organisation is not convinced that procurement is truly adding value!

In this session, we will look at how procurement can forecast, track, communicate and realise the benefits and value that we all believe are possible through excellent procurement performance.

That starts with procurement's role in planning  and forecasting, both at functional level and into the business. It continues through tracking, reporting and management of procurement activities. Benefits realisation - not just "savings" - is then key of course.

But as well as the hard numbers, we will look at some of the "marketing" tools and ideas we have seen work effectively in terms of promoting the function. That needs to be based on solid results, but procurement can certainly learn from our colleagues in sales and marketing in terms of some of those communication approaches.

We will consider:

  • Positioning procurement and its value– Modelling, Forecasting, Realisation and Communication
  • Forecasting spend, savings, and activities
  • Project management and tracking in procurement
  • Benefits realisation – capturing and measuring savings
  • Communicating procurement benefits

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