One function, one platform: The case for consolidating direct and indirect procurement technology

One function, one platform: The case for consolidating direct and indirect procurement technology

This Supply Management Insider webinar, held in partnership with GEP, will look at direct and indirect procurement and consider the potential for technological convergence

Direct and indirect procurement – what might be termed as the two halves of procurement – have essentially evolved into two different disciplines. And yet, they are undeniably trying to achieve the same goal: acquire things of the right quality, at the right cost, at the right time and deliver them to the right place. Despite this, indirect procurement has come to be viewed as inherently lower in risk, and has therefore been faster to exploit the potential of new technology.

But why should this be the case? At the end of the day, from the standpoint of a CEO or CFO, a spend is a spend. Is there any good reason why some of the tools that have made indirect procurement so much more efficient – e-auctions, sourcing modules, P2P, and all the automation and analytic functions underpinned by AI – are not being used more widely to manage direct spend?

This Supply Management Insider webinar, in partnership with GEP, will look at direct and indirect procurement and consider the potential for technological convergence – the impact that digital innovation and transformation, mainly enjoyed by indirect, could have on direct procurement, and the significant competitive advantages that could be realised if all procurement processes were empowered by the same best-in-class technology.

On the agenda:

  • How source-to-pay software can unify and multiply efficiencies in direct and indirect procurement
  • The benefits of being able to share data and analytical capability throughout the function
  • The impact of a VUCA environment increasing the urgency for procurement-wide digital transformation

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Speakers

Paul Blake Paul Blake Associate Director, Technology Product Marketing GEP Bio
Krish Vengat Krish Vengat Vice President, Consulting GEP Bio
Jacki  Buist (moderator) Jacki Buist (moderator) Deputy Editor, Supply Management magazine
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