Procurement has undergone a transformation over recent years, evolving to focus on more holistic, value-generation in addition to bottom-line cost management. Successful procurement functions support business stakeholders in achieving their top-line objectives through supplier innovation and category management.
To perform this role effectively, procurement teams must change the way they operate and measure performance – building credibility amongst stakeholders and becoming trusted business advisors. This increases the capacity to influence and drive greater value outcomes.
Traditional cost reduction objectives remain important, but today there is a need to align and build credibility with finance to deliver the results demanded by the business.
Manage the pipeline of savings and value-creation initiatives.
Allocate savings across multiple business dimensions and over time.
Configurable process, data capture, and approval steps.
Compare approved forecast vs. actual validated savings.
Robust governance with configurable approval and validation workflows.
Deep insights into pipeline delivery with comprehensive analytics.
