AWARDS REVIEW
THE PROCUREMENT TECHNOLOGY AWARD
Recognising companies that are successfully utilising cuttingedge procurement technologies to drive exceptional outcomes in their procurement processes , the Procurement Technology Award honours those effectively utilising procurement technologies to automate and enhance procurement processes .
THE WINNER : JABIL
Jabil , a global manufacturing solutions provider , has made significant strides in revolutionising its procurement processes through innovative technology adoption .
The company ’ s procurement team , responsible for managing a network of over 140,000 employees across more than 100 locations worldwide , has successfully implemented a suite of cutting-edge tools to streamline operations and drive efficiency .
At the heart of Jabil ’ s procurement transformation is the implementation of Coupa , a spend-management platform that has yielded impressive results . Within seven years of adoption , Jabil brought US $ 6bn under management , with 30 % of invoices now processed without human intervention .
The company has achieved a sevenfold return on investment within just four years of implementation .
SHORTLISTED COMPANIES
• BRF
• Craft . co
• GEP
• Jabil
• Lytica
HIGHLY COMMENDED
• BRF
• GEP
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134 October 2024