4 “Must Do's” to optimize procurement performance and achieve success
Procurement is not something that you “set-and-forget”. Technology evolves. Suppliers come and go. Organizations restructure. New rules and regulations are enacted. To be successful, organizations must continuously fine-tune their procurement practice to address this constant change.
During this session, Ravi Thakur, Coupa’s Vice President of Services & Support, will walk you through four must-do’s that will keep your procurement process efficient and delivering real results and value for years to come.
#1: Align Procurement. Procurement must be ready to adapt to changing organizational strategies, initiatives, technology platforms and workflows. Learn how to develop a flexible procurement practice that makes it easy to address changing priorities.
#2: Make Suppliers Work For You. Work with suppliers to do more than just “punch-out”, integrate processes and systems to increase quality and efficiency. Understand the keys to developing win-win supplier partnerships that deliver significant savings to the bottom line.
#3: Drive User Adoption. Get end-users involved, collect their feedback, and adapt to make it as easy as possible for them to work within the process. Find out how to create an environment that embraces change and contributes to the process.
#4: Measure Success. Optimization is impossible without measuring performance to identify what drove success and what needs to be fine-tuned to avoid failure. Discover how to create a measurement and benchmarking strategy that will keep a pulse on procurement performance.