Procurement Magazine June 2021 | Page 74

THE BENEFITS OF PROCUREMENT ANALYTICS
Chad Gottesman
Michael Van Keulen
PROCUREMENT ANALYTICS
THE BENEFITS OF PROCUREMENT ANALYTICS

Chad Gottesman

MANAGING DIRECTOR OF THE SOURCING AND PROCUREMENT BUSINESS AT ACCENTURE
“ The value delivered is not only financial . Think of it as 360-degree value widening procurement ’ s sphere of influence and impact . There is value for the enterprise , stakeholders and the community — and across risk mitigation , sustainability , stakeholder experience , talent and inclusion and diversity . These breakthrough approaches are made possible thanks to the fundamentals of Closed Loop Spend Management ( CLSM ), spend transformation and new ways of working .”

Michael Van Keulen

CHIEF PROCUREMENT OFFICER AT COUPA SOFTWARE
“ If you have the right technology that has the right vision , the right end-to-end process , the right comprehensiveness that provides all your spending across departments , geographies , business units and functional areas , it puts not just procurement in a better position , but finance , the stakeholders , business leaders and functional leaders to make tough decisions and to make the right decision based upon the right data , which allows you to better leverage your spend and apply real competitive pressure .
Chad Gottesman Managing Director of the Sourcing and Procurement business , Accenture

“ Closed loop spend management ( CLSM ) models are a valuable tool more organizations should be putting their resources behind within procurement analytics . It makes procurement more efficient , resilient and agile ”

CHAD GOTTESMAN MANAGING DIRECTOR OF THE SOURCING AND PROCUREMENT BUSINESS , ACCENTURE
74 June 2021