Cross-functional collaboration is seen as the key approach for delivering value in managing spend. Not only cost savings but also through reducing supplier risk, increasing supplier resilience, and maximising supplier innovation. Achieving this operating model has not been easy for procurement functions to deliver due to barriers across the organisation. Rolls Royce is working on a large procurement transformation to deliver this approach within the organisation.
Rolls Royce will give some insight into what improvement areas they are focused upon, the challenges faced from delivering a large transformation and details on how they have utilised technology, along with the right type of approach from procurement to deliver success.