Increasingly, procurement is a function expected to bring value beyond savings to an organization – the touch points it enjoys with the supply base combined with its understanding of customer needs means it is in a perfect position to sow the seeds of growth. For CPOs to realize such a vision, however, demands new approaches and new techniques. After all, global companies are hugely complex; with thousands of suppliers and huge numbers of stakeholders interacting with them.
Worse still, this complexity is made even more challenging due to different regional approaches, local regulations and intricate standards that must be adhered to and worked with.
And here lies the great conundrum. How can CPOs operate a compliant function which operates to an agreed set of global standards, while maintaining the flexibility to cope with the variances of global trade? At the same time, how can they gain access to the type of supplier data and information at a micro level that will help to make decisions at a macro level?
Procurement Leaders’ latest Insight piece, Total Supplier Management, looks at how modern, flexible systems and technologies can unlock the vast swathes of supplier data residing in a typical company; while providing the required flexibility.
- What methods can CPOs employ to access information buried deep within disparate enterprise systems? Is it possible to get true dashboard views without replacing the enterprise “plumbing?”
- What does improved visibility of suppliers mean for procurement’s ability to manage risk, reduce cost, increase cash flow and meet governance demands?
- How can CPOs strike the right balance between strict compliance with a centralized approach and the flexibility needed to cope with local demands?
- How can procurement make the right choices in terms of the talent, technology and processes required to tackle this issue?
- Becoming customer of choice – how good systems and good supplier management can result in competitive advantage.
If you are not a member of Procurement Leaders, you should join. In the interim, please email us directly to request a copy of this insightful piece for yourself.
Note: Please do not email from a google.com, yahoo.com, aol.com, or similar general domain.