To fully appreciate the benefit of digital tools, humans must be at the center of technology using tools to enhance and improve the value of their work. A focus on technology over the worker creates inefficiencies, wasted time and burnout.
At Adventus, we work with procurement, operations, product development, finance and IT teams to understand how technology can improve the procurement operating model. Moving from e-mail, spreadsheets and SharePoint sites to digital procurement tools requires simple but insightful analysis of responsibilities, processes and system features. We support the implementation of technology tools from single applications for spend analysis, intake orchestration and contract management to integrated source-to-pay platforms like Coupa, SAP/Ariba, GEP, JAGGAER and Zycus.
Understanding technology’s ability to enhance collaboration is the essential component of a digital procurement roadmap. Digital tools need to provide data and insightful analysis to team members who need to purchase, pay, manage suppliers and address compliance requirements.
Digital roadmaps help answer questions such as:
Request-for-Proposal (RFP) process for Source-to-Pay (S2P) Software solution for industrial company. Worked with cross functional group from procurement, legal, finance and IT to define requirements, conduct demonstrations, solicit input from stakeholders and solution providers. Supported evaluation of software providers, developing analysis, socializing options and securing final approval
Facilitated project kickoff and design phase. Working with procurement, IT, Finance and software provider teams, developed timeline, resource requirements, communication plan, change management framework and steering committee structure. Initiated kickoff and weekly status meetings through design phase.
Implemented spend analytic program to analyze purchased goods and services using scalable cloud-based Software-as-a-Service (SaaS). Integrated spend analytics with SAP financial reporting system. Analysis provided insight into department level spend, cost benefit analysis and total cost of ownership.
Renegotiated (CTMS) license agreement to save annual costs. Worked with R&D team to align software contract features and length with trial needs.
Implemented organizational change management framework to support implementation of comprehensive S2P software solution for global client. Effort involved working with client team to define organizational readiness, training and communication strategy as well as performance metrics.
With ongoing global inflation, rising interest rates, changing work environment and growing supply chain risks, CFOs are looking for efficient ways to work with their procurement and sourcing teams to maintain growth, profitability and compliance.
Great procurement teams provide credible insights on supply costs and risks along with valuable insight on sourcing and supply management options.
Supply risk is what could happen to the production of a product, contract packager or third-party logistics (3PL) system —and they are now just as important as other enterprise risk factors to a corporation
The procurement function must develop trusting relationships with colleagues and suppliers to overcome a common perception of bureaucratic stodginess.