Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Transformation talk - assisted sourcing

22 views

Published on

This video is a recording of the webcast “Hey Nineteen: Procurement’s Playbook for 2019“ that was hosted by Zycus in association with The Hackett Group and SIG. The webcast features a presentation by Christopher Sawchuk, The Hackett Group on the findings of the recent Hackett study “Procurement Key Issues 2019” and a case study presentation by Brittany Muirhead, Brookdale Senior Living on the application of “Assisted Sourcing” as a part of their digital transformation journey. The webcast also features insights from Richard Waugh, Zycus on the application of technologies like AI, RPA in procurement for greater compliance, visibility, and savings.

Published in: Software
  • Be the first to comment

  • Be the first to like this

Transformation talk - assisted sourcing

  1. 1. Transformation Talk: “Assisted Sourcing” Drives Digitization at Brookdale Senior Living
  2. 2. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Assessing Procurement Pain Points Top Pain Points:  Procurement Spend Influence Limited  “Win Locally” Culture Presents Compliance Challenges  Granular Spend Visibility Lacking  Fragmented Supply Base Limits Leverage • What were the key challenges you faced prior to your Digital Transformation initiative? • What tools were available and where did you see the biggest gaps in your procurement technology infrastructure? • Where did you rate your pain level on the “Pain-O- Meter”?
  3. 3. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Addressing Stakeholder Perceptions of Procurement • Before starting your Digital Transformation journey, what was the perception of Procurement within your enterprise? • What tools or methods do you use to engage stakeholders and elicit feedback on their perception of Procurement’s performance?
  4. 4. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Check out our webinar at https://zyc.us/2GNw7jJ
  5. 5. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Benchmarking Spend Visibility 38% 99% Peer Top Performer Line-Item Spend Visibility Rate Source: Purchase-to-Pay Study, The Hackett Group, 2017 Ability to View Spend Data by Supplier • How did your spend visibility – at the Supplier and Line- Item Level – compare to the Peer Group and World-Class Benchmarks? • How did a lack of spend visibility impact your ability to influence spend?
  6. 6. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Benchmarking the Sourcing Process • How did your Sourcing cycle time compare to the overall benchmarks? • Which steps consumed the most time? Where were the choke points in the process? • What is ideal time allocation by step that would help to maximize the value created in the Sourcing process?
  7. 7. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Creating the Business Case for Digital Transformation • What were the key value drivers of your business case for Digital Transformation? • What were the key criteria you applied in the technology selection process?
  8. 8. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Getting the C-Suite On-board CIO CFO CPO • What were the “hot button” issues for each of these key executives that you had to address? • How were you ultimately successful in getting consensus? • What role does the C-Suite play beyond funding the initiative, in helping drive enterprise-wide adoption?
  9. 9. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Check out our webinar at https://zyc.us/2GNw7jJ
  10. 10. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Best Practices for S2P Transformation Sequencing Spend analysis E-Sourcing SBM Map external spend Negotiate Strategic Agreements Manage compliance Manage Supplier Relationships CLM VMSP2P Source: Gartner “Best Practices for Sequencing Procurement Solution Investments” • How did your approach for sequencing S2P Transformation conform to or differ from this best practice model? • When did you start the S2P Transformation process and how long did each step take?
  11. 11. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay Digitization’s Impact on Spend Influence, Efficiency • How has Digitization enabled Procurement to increase your Spend Influence? • How does Spend Visibility translate to “Assisted Sourcing” – i.e. what has been the impact on Sourcing effectiveness? • What efficiencies have you seen, e.g. spending less time compiling data vs. gaining insights from the Analytics? Source: The Hackett Group
  12. 12. Source to Pay Suite: Spend Analysis | eSourcing | Contract Management | Supplier Management | Savings Management | Project Management | Request Management | Procure-to-Pay What Digital Transformation Means for Procurement Four pillars support procurement’s digital business strategy Data and analytics form the foundation The Digital Business Strategy 2 Omnichannel, personalized stakeholder experience 3 Digitally enabled procurement workforce 4 “Smart” orchestration of source-to- pay services 5 Ecosystem of networked solutions 1 Analytics-driven insights Source: The Hackett Group • How is Procurement’s role evolving in the era of Digital Transformation? • How do analytics-driven insights underpin the Digital Transformation? • What are the next steps/major focus areas on your Digital Transformation Journey?
  13. 13. +1 866 563 9219 info@zycus.com www.zycus.com Thank You

×