Creative ways business data can be used to measure, manage & drive compliance to enterprise contracts & preferred procurement processes for creating and implementing strategies which uncover savings opportunities and drive compliance.
Employee motivation depends largely on good goals setting. The highest strategic goals are sometimes called directions. Goals are related to drivers, principles and requirements. This presentation shows an example of enterprise directions setting by the usage of an enterprise architecture tool.
Employee motivation depends largely on good goals setting. The highest strategic goals are sometimes called directions. Goals are related to drivers, principles and requirements. This presentation shows an example of enterprise directions setting by the usage of an enterprise architecture tool.
Datamine’s Competition Analysis System is a sophisticated, highly engineered data processing and visualization platform providing telcos with outstanding analytical capabilities.
Provider Network & Performance Management Framework, a comprehensive business intelligence Platform manage life cycle processes including contracting, credentialing, provider performance Management and Network adequacy optimization. Find more on Offerings & key Features.
To keep pace with the ever increasing demand for real-time customer service, shifting to mobility has become inevitable for the insurance industry. In
today's scenario, where real-time servicing of customer requests 'on the fly' has become a norm, mobile technology seems ideally positioned to
enable insurers gain a competitive advantage. Mobile solutions enable faster and improved communications between customers, field agents,
and the central processing office of the insurer.
Adopting mobile technology can help insurers
enhance customers' experiences, increase
productivity, while keeping a check on costs, and
mitigating operational risks.
Today's supply chains are going global, business' still work in silo's that disconnect the sourcing from the selling process, this creates compliance risk and potential liability. An Integrated Trade Compliance Strategy address' those concerns from Boardroom to Operational Execution.
Datamine’s Competition Analysis System is a sophisticated, highly engineered data processing and visualization platform providing telcos with outstanding analytical capabilities.
Provider Network & Performance Management Framework, a comprehensive business intelligence Platform manage life cycle processes including contracting, credentialing, provider performance Management and Network adequacy optimization. Find more on Offerings & key Features.
To keep pace with the ever increasing demand for real-time customer service, shifting to mobility has become inevitable for the insurance industry. In
today's scenario, where real-time servicing of customer requests 'on the fly' has become a norm, mobile technology seems ideally positioned to
enable insurers gain a competitive advantage. Mobile solutions enable faster and improved communications between customers, field agents,
and the central processing office of the insurer.
Adopting mobile technology can help insurers
enhance customers' experiences, increase
productivity, while keeping a check on costs, and
mitigating operational risks.
Today's supply chains are going global, business' still work in silo's that disconnect the sourcing from the selling process, this creates compliance risk and potential liability. An Integrated Trade Compliance Strategy address' those concerns from Boardroom to Operational Execution.
Business Intelligence and Analytics: A Command and Control Center for Supply ...marcus evans Network
Thomas L. Dadmun, ADTRAN - Speaker at the marcus evans Manufacturing COO Summit, held in Las Vegas, NV, delivered his presentation entitled Business Intelligence and Analytics: A Command and Control Center for Supply Chain Excellence
Scaling MySQL: Benefits of Automatic Data DistributionScaleBase
In this webinar, we cover how ScaleBase provides transparent data distribution to its clients, overcoming caveats, hiding the complexity involved in data distribution, and making it transparent to the application.
Supply chain analytics solutions combine technology and human effort to compare and highlight opportunities in supply chain functions. They leverage enterprise applications, web technologies, and data warehouses to locate patterns among transactional, demographic and behavioral data
Similar to Key Strategies to Drive Compliance_Vertis Communications (20)
The desire to become ‘trusted advisor’ to internal clients has become recognized as one of the keys to improving procurement performance and recognition within the organization. A recent survey has confirmed that, after cost reduction, improving procurement’s engagement with stakeholders is the most important priority for CPOs.
How can you increase stakeholders’ readiness to work collaboratively with procurement? How to engage stakeholder ‘clients’ – from ‘securing access’ to ‘making a good withdrawal’?
Have similar questions in your mind?
For Machines to truly learn – they must, not unlike Humans – be taught properly, providing them with complete, accurate data from which to establish patterns and draw inferences. The first step of teaching your machines to be able to effectively apply AI is to digitize and enrich the massive amounts of data being captured through core Sourcing and Vendor Management processes, such that the resulting data analytics represent a Master Class in Strategic Procurement – for your Machines.
The development of a Best-in-Class P2P program takes, among other things, sponsorship, effort, collaboration, vision, expertise, and supporting technology infrastructure. Superior program design also remains a critical element in the speed and level of P2P excellence and financial agility that is ultimately achieved.
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.
2018 key issues study for procurement leadersZycus
Despite an optimistic business outlook in 2018, procurement leaders are still wary about a range of risks with the potential to reduce margins, from access to critical talent to managing cyber-risk.
As per The Hackett Group annual Key Issues Study, procurement leaders indicate they are focused on deepening collaboration with suppliers to meet growth expectations and manage risk.
Procurement ai is artificial intelligence real in procurementZycus
Though the reality of AI in procurement is still debatable, one can’t deny the fact that human skills/human learning is a vital part of the AI puzzle. So what skills will one require to become a vital and relevant factor in AI-driven procurement practice?
As the saying goes, “If you're not the lead dog, the view never changes”. For Zycus which has once again been positioned as a “Leader” in the newly published Gartner Magic Quadrant for Strategic Sourcing Suite Vendors for 2018 – just as was the case for the previous three iterations in 2017, 2015, and 2013.
3 part framework for procurement talent transformationZycus
There is nothing new about the idea that procurement is standing on the verge of a talent catastrophe. Processes and technology are evolving at an accelerating rate, distributed buyers are more capable of independence every day, and non-traditional work models (i.e. the gig economy) mean that executive teams have an impressive range of resources at their fingertips – quickly and cost-effectively.
Beyond trends: The top 10 transformational realities redefining procurementZycus
In this on-demand webinar, hosted by Zycus and EBG Network, is an international panel of industry experts. The webinar features a presentation by Jon Hansen of Procurement Insights’, who discusses with the panel, about the top ten procurement trends for 2019 before zeroing in on the three specific areas that will have the greatest impact on procurement professionals right now and for the foreseeable future.
Hey Nineteen: Procurement’s Playbook for 2019Zycus
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 application of technologies like AI, RPA in procurement for greater compliance, visibility and savings.
The Power of Partnering: Driving Source-to-Pay Success with Zycus Partner Con...Zycus
As a market-leading provider of Source-to-Pay (S2P) technology, Zycus Partner Connect Program is designed to create the winning formula that enables clients to implement successful Digital Transformation strategies for Source-to-Pay processes. The winning formula achieves superior client results, e.g. 1+1=3, by combining Zycus’ State-of-Art S2P software platform with Expert Partner Implementation Consulting resources. This webinar will provide potential Zycus partners with insights to:
• Zycus S2P software capabilities and key differentiators
• Client cases studies and partner success stories
• Zycus Partner Connect engagement model and support resources
• Next steps towards exploring the potential of aligning with Zycus for mutual success
Digital Reinvention: Understanding Procurement’s Importance In The Emerging D...Zycus
The impact of technological breakthroughs in the emerging digital age is significant not only for procurement but for the enterprise as a whole. The reason for this is that 70% of digital innovations in industry “are delivered through the supply chain.”
Despite the important role that an organization’s supply chain plays in digital success, a McKinsey study found that of the companies that participated in their survey, only 2 percent report that the supply chain is part of their “forward-looking digital strategies.”
This 2 percent revelation raises two very important questions:
1. Why despite its recognized importance to organizations regarding the realization of their digital objectives is procurement not even on the radar screen?
2. What can procurement professionals do to elevate its presence and influence in the emerging digital world?
Join Procurement Insights’ Jon Hansen to answer these as well as other important questions regarding procurement’s digital reinvention along with the guest panel of industry thought leaders, Colin Cram & Rob Handfield who will talk about what must take place for you and your organization to digitally reinvent your future success.
Love Your Sourcing Strategy by Letting it Go
Access this presentation where our expert speakers will guide you on how you can responsibly put sourcing into the hands of distributed buyers and empower them to select their suppliers and scale procurement’s impact.
Learn to:
1. To identify the most common fears procurement experiences in the wake of decentralized buying
2. To understand the root cause of those fears so they can be overcome
3. To articulate the advantages (for procurement and the enterprise) of effectively managed distributed buying
E-Invoicing and AP automation come equipped with innumerable benefits and help save you money & increase efficiency.. But before taking the important step towards going paperless, there are countless factors to consider around areas likes top management’s approval, the best-fit solution provider, supplier adoption, the likely ROIs, training etc.
To successfully answer all these questions and ensure that an efficient change management strategy is in place, it is vital to know what stage of the E-Invoicing Maturity Curve your organization falls in. This presentation by Richard Waugh (VP Corporate Development, Zycus) will help you unearth answers to all the above questions along with providing insights into:
1. Current & future invoice-to-payment landscape
2. Improvements gained through automation
3. Stages of e-invoicing maturity and associated attributes
4. Characteristics of the best-in-class AP Organizations
5. Next steps to start AP automation transformation
WhiteBoard to Dashboard: Steps to implementing compliant and risk-free procur...Zycus
In this presentation, Procurement Insights' Jon Hansen and a panel of industry experts examine the challenges of implementing a risk management and compliance initiative, and how procurement professionals can collaboratively develop a sound and proactive go-to strategy for their organization.
Raising the Bar in Procurement Through DigitizationZycus
As businesses across virtually every industry face pressure to remain on the cutting edge of technology to maintain competitive advantage, the role of today’s CPO is about going beyond the numbers.
View this presentation on "Raising the Bar in Procurement Through Digitalization" and learn how the procurement digitalization is driving significant improvements. Including:
1. Pointers for creating a digitalization roadmap
2. Success in digitizing business relationships with suppliers
3. A huge leap forward in procurement efficiency and control.
4. A dramatic improved invisibility and controls to identify savings and reduce the risk of fraud.
This presentation will address key P2P trends within the overall Procurement landscape. Whether it is the buzz around robotic technology, digital transformation or IoT, understanding trends in P2P becomes more valuable when seen in a business context.
• Trends reinventing Procure-to-Pay in 2018
• Best practices defining vendor management, savings maximization, procurement and invoicing automation, catalog management and technological integrations
• How procurement leaders should interpret these trends in their business contexts
• How to plan and take action ahead of a procurement transformation
Addressing the Digital Transformation Mandate: A Middle Market Procurement Pe...Zycus
Need more insights? An On-Demand Webinar on the topic
"Addressing the Digital Transformation Mandate: A Middle Market Procurement Perspective" can be accessed here: http://zyc.us/2FJWCGx
Addressing the Digital Transformation Mandate: A Middle Market Procurement Perspective
Everywhere you turn today, there is discourse around the topic of digital transformation. But for many, there is no exact definition for what this means, how to execute it and its potential impacts. This is especially true for the middle market companies that may be more constrained in the resources they can dedicate to digital transformation initiatives. While pundits like to talk about the future, most are still scrambling to adapt and transform their businesses for meeting this new global mandate.
To shed some light on procurement’s digital transformation, Zycus will be joined by the Hackett Group for a discussion grounded on research based insights to help middle market companies get a better handle on the concerns and trends that differentiate them from larger organizations. Topics to be covered during this presentation include -
- Defining what digital transformation can mean for procurement
- Priorities noted by middle market organizations looking for transformation
- The value digital transformation can provide
- 5 Pillars for taking on the digital transformation mandate
Need more insights? An On-Demand Webinar on the topic “Branding Procurement” can be accessed here: http://zyc.us/2GmSwSA
Branding Procurement
As someone who has been in the supply world for more years than I would care to admit, the old Rodney Dangerfield lament about getting no respect was second only to the "we want a seat at the table" refrain.
While the profession as a whole had made some advancements beyond the days when CFOs considered our enterprise contributions to be either minimal or non-existent, it is still safe to say that we procurement professionals have not properly branded ourselves and the value we bring to our organizations.
"Some executives used to think of procurement as the place you send staff away in order to never see them again." - Leading Procurement Strategy, Carlos Mena, Remko van Hoek, Martin Christopher
In this presentation, (sponsored by Zycus), have a look at where procurement as a profession was, where are they today, and what they have to do to realize their full potential in the future.
Need more insights? An On-Demand Webinar on the topic “Branding Procurement” can be accessed here: http://zyc.us/2GmSwSA
Branding Procurement
As someone who has been in the supply world for more years than I would care to admit, the old Rodney Dangerfield lament about getting no respect was second only to the "we want a seat at the table" refrain.
While the profession as a whole had made some advancements beyond the days when CFOs considered our enterprise contributions to be either minimal or non-existent, it is still safe to say that we procurement professionals have not properly branded ourselves and the value we bring to our organizations.
"Some executives used to think of procurement as the place you send staff away in order to never see them again." - Leading Procurement Strategy, Carlos Mena, Remko van Hoek, Martin Christopher
In this presentation, (sponsored by Zycus), have a look at where procurement as a profession was, where are they today, and what they have to do to realize their full potential in the future.
Key Strategies to Drive Compliance_Vertis Communications
1.
2. KEY STRATEGIES TO DRIVE
COMPLIANCE
Monica Graham,
Director, Technology Sourcing
October 23, 2012
3. Agenda
Company Overview
SCM Organization
Challenges and Goals
Situation and Process Analysis
Case Study
Lessons Learned
4. Company Overview
Vertis Communications is one of the top producers of advertising
inserts and direct marketing/direct mail solutions in North America
Key Facts
– Industry: Marketing Communications
– Size: Top 10 commercial printer in U.S.
– Revenue: $1.1B, Private equity
– Facilities: 25 production sites
– Employees: 5,000
5. Vertis Communications Facilities
Portland
Shakopee
Stevensville Springfield
Greenville
Sacramento
Chalfont
Medina Bristol
Marengo York N. Brunswick
Salt Lake
Westampton
Boulder Columbus Manassas Monroe
Lenexa St.
Louis
Irvine So. Cal
Charlotte
Dallas
Lufkin
Legend Houston
Advertising Inserts Tampa
Direct Marketing
Specialty Print
8. Goals
Spend
under SCM
Standard control
procurement
procedure Contract
Compliance
Item level
spend
information
9. The Situation
Over $1 billion annual spend
– Indirect spend categories account for 30% of total spend
– SCM controlled less than 10% of total indirect spend
SCM only controlled direct materials spend
Cost saving tactics were non-collaborative
– Heavy reliance on corporate rebates that did not benefit plant P&L
Inherited D&B “Supply Optimizer”
10. The Process
Categorization
Opportunity Assessment
Implemented UNSPSC
with Local Management
Improved SCM Involvement
Long lead-time to get Joined Group Site visits to plants in
spend analysis results Purchasing conjunction with other
Organization (GPO) business in the area
Spend analysis is
unreliable because of Increased staff Created three Regional
poor quality data Supply Chain Manager
positions
Synergy Savings
11. The Tools
Discovery
Spend Analysis e-Procurement E-Sourcing
Services
• Quarterly spend • Integrated with • Targeted reverse • Supplier
data categorization business unit auctions identification and
ERP’s qualification
• Implemented (“Go
Live”) September
2011
12. Path To Success
ROI
Cost –
Benefits
Ease of
Use
Timely
Turnaround
Data of Spend
Currency Analysis
Capture
ALL
Accurate Spend
Categoriza Data
Right tion
Taxonomy
14. This category has the highest number of
suppliers under the category of Information
Technology.
This further drill down enables the procurement specialist to find the category where the
suppliers is the highest and there is a possibility to rationalize their supplier base.
15. Opportunity is
added to list of my
opportunity
The identified opportunity then gets added to the entire list of opportunities.
16. Bubble Matrix Graph to prioritize identified
opportunities
Armed with all the information the head of procurement team can review the pool of all these
opportunities in the opportunity prioritization module in the form of a bubble chart, where the X-axis
represents the efforts in months and the Y-axis represents the maximum saving potential.
18. Safety Supplies
Vertis annual spend is ~$400K
Decentralized purchases
No minimum safety standards
Multiple suppliers
No volume discounts for aggregated spend
19. Implementation Process
Emailed
Shared Vertis Emailed announcement
announcement to
locations & contacts to requisitioners &
requisitioners &
with Choctaw - Kaul management
management
Released Choctaw- Developed monthly
Contacted sites with
Kaul to initiate local spend and cost savings
slow adoption
site visits report template
Solicited feedback &
Visited Vertis sites to Requested management
engaged supplier in
emphasize partnership assistance as last resort
response to local
concerns
20. Supplier Collaboration Savings
• Lean & Continuous Improvement Project
Product
• Team of SCM, Supplier, Safety Coordinators,
standardization Inventory Clerks
• Minimum safety standards
Best value • Quality appropriate to the application
• Reduce number of SKU’s to manage
Lower inventory • Ability to share inventory between sites
• Lower prices
Reduced costs • Lower inventory levels; more inventory turns
21. Results
Improved product quality and consistency
– ANSI approved anti-fog safety glasses with UV protection
– Minimum NRR 29 on earplugs
– More durable nitrile gloves
– Top rated cut resistance gloves
Eliminated 80% of SKU’s (from 69 to 14) for hand/eye/ear PPE
Additional 12% cost savings
– Renegotiated prices with manufacturer
– Spend concentrated on best value items
Current compliance is 90+%
22. Conclusion: Lessons Learned
Detailed and accurate spend data essential
Compliance requires collaboration
– Control increased from 10% to 50%
– Compliance increased from 0% to 40%
There is no substitute for face-to-face
interactions
Comparative benchmarking drives friendly
competition