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a snack food company, came from how they intentionally targeted key strategic initiatives under Senior Vice President and Head of Procurement Ron Schnurs leadership. The leadership team was on board from the beginning but he still had to execute his recommendations in an orderly and intentional manner to deliver the results.
Throughout the year our analyst team provides vendor-specific profiles and tech solution analyses as part of Spend Matters Insider content. Supplier risk management Exiger offers a comprehensive risk assessment product that encompasses various risk dimensions with a high degree of granularity and depth to reduce risks in supply chains.
This shift responds to the growing need for unified platforms that provide end-to-end process visibility, essential for global corporations seeking to streamline their procurement operations. Vendors are investing heavily in these technologies to provide smarter spendmanagement solutions.
It can be difficult to prioritize some of these initiatives in tough economic conditions, but there is a leadership imperative amongst organizations to do so. What we do know is that supply chains often account for more than 90% of a company’s environmental footprint, and SAP can help provide visibility into the data across this value chain.
It is a process that creates efficiencies across all spend categories, minimizes supply chain risks through improved supplier selection and awards, while giving visibility into pricing and forecasting. We normally now refer to the first step as spendmanagement and we use spend analytics technology to aggregate and explore spend data.
Spendmanagement and procurement will play a key role in enabling banks to achieve their efficiency targets while managing supply chain risks,” he added. Attijariwafa’s senior leadership asked Taghrichte to put together a business case for the implementation of an electronic procurement solution.
Cristian Maradiaga King Ocean Book a Live Demo Download a free copy of "Indirect Spend Guide", to learn: Where the best opportunities for savings are in indirect spend. How to gain visibility and control of your indirect spend. How to report and analyze indirect spend to identify savings opportunities.
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