What is the future of procurement? It's a lot more than cutting costs and adhering to process. With hyper competition and accelerating business, organizations will need to turn to their supply chain to to respond to change. See the future of procurement: a platform.
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In the last 15 years, 52% of the Fortune
500 companies have disappeared
4
1955:
75 years life expectancy
2016:
15 years life expectancy
VS
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A focus on savings only will not:
1
• Enable new product and service innovation
• Accelerate your speed to market
• Protect your business from disruptive forces
• Reduce exposure to risk
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Agility and flexibility will matter as much as cost going forward
The more digitally integrated the supply chain, the faster
companies can respond to change.
Digitized processes can be reconfigured far more quickly than
manual processes
Simplify and speed the exchange of information in collaborative
design processes
Hyper Competition, Accelerating Business =
Constantly shifting supply chain
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And it’s not enough to just rebrand
cost-saving as “value-as-a-service” if
it’s still the same thing in the box
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16. What does this mean for Procurement?
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• Indirect, Direct and Services will all mix
○ You will be buying an outcome, not a commodity
• There will be no one size fits all
○ Rapidly changing business requirements and environments
will require process agility
• Commerce will be highly collaborative
○ Defining needs, responding to change and solving complex
problems will require collaboration between stakeholders
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The future is one platform for your
supply-chain, flexible enough to run any
process you want and change when you
need it, connected in real-time with all
your suppliers
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One platform, infinite business processes
● Procure-to-pay, Supplier
Engagement, Risk Management,
Product Information, Direct Materials
all in one platform
● Collaborative and agile
● Apps enable new business processes
instantly for the whole supply chain
● End-to-end transparency and
analytics
● Open, Free for suppliers and no lock-
in
Live chat allows our users to collaborate in their business lives like they do in their personal lives.
Document Events + chat history = full picture
Content sharing: Sharing quotes
Benefits/value:
Faster document processing because of the efficiency
Compliant documents (audit trail) as the history of the chats are saved?
Is this true? -> Yes
The inverse story is that when collaboration happens offline, it’s not stored on the document and becomes tribal knowledge leading to inefficiency and audit history gaps
No looking at email, contextual emails
8:30-8:45 - morning chairmans.
speaker after CHL - CPO of Nestle. State of the profession, kind of challenges CPOs face going forward.
provoke ot think, no sales.
Embedded Apps
Part of Tradeshift web applications allowing user engagement
Able to interact with Tradeshift’s own apps
User interface completely controlled by apps
Examples
Order collaboration (Quyntess)
Dynamic discounting (C2FO)
Extension apps
Integration apps
Exchange data between Tradeshift and external systems
Limited or no user interface
Examples
Connectors with accounting software (Sage Connector)
Document format transformers (Babelway)
Data source for reporting tools