TECHNOLOGY
“ We have SAP Ariba Discovery , a solution that allows buyers to identify and match with suppliers from around the world that meet their needs ”
ETOSHA THURMAN CHIEF MARKETING AND SOLUTIONS OFFICER , INTELLIGENT SPEND AND BUSINESS NETWORK AT SAP
“ The difference in P2P is the introduction of compliance and efficiency when executing strategic decisions . This side of the process is really about building excellence across an organisation , developing a best-inclass operational procurement .”
Where to start when implementing a digital solution ? Alex Saric , CMO , Ivalua : The optimal starting point when planning a S2P digital transformation varies from one organisation to another , depending on their priorities , team structure and other factors . What ’ s important is to start where you can deliver tangible benefits to maintain the momentum and to plan for the broader journey . When projects hit obstacles , it is often due to having only considered their immediate requirements when selecting an S2P platform and , as a result , making a selection that can ’ t support their full journey . The common obstacles differ at each step so you must plan for them from their start .
So where is the value for procurement functions in implementing an S2P or P2P solution ? Put simply , “ S2P and P2P are much more than a series of process ”, according to
Alex Saric , CMO at Ivalua . “ They can add tremendous value to organisations .”
Streamlining processes through an intelligent S2P or P2P solution can improve efficiencies , create more effective negotiations , reduce costs , and enhance both the purchasing experience and employee satisfaction .
Saric emphasises that the value doesn ’ t stop there . “ There is also tremendous strategic value in how organisations manage their spend and suppliers ‒ and S2P can deliver a competitive advantage . Visibility into and collaboration with suppliers can reduce risk , drive product innovations , and increase sustainability . procurementmag . com 113