Direct procurement has long been viewed as merely tactical, but a new business environment is forcing companies to reevaluate their strategic possibilities.
The level of agility required to capture growth opportunities—plus resiliency to manage today’s risks—requires a new way of thinking about direct procurement and its potential. Direct procurement teams should be able to orchestrate everything from onboarding thousands of suppliers across multiple tiers to collaborating with trading partners across all ecosystems. This includes ensuring that all parties can stay in sync on purchase order details, match purchase orders to shipments, receipts and invoices and manage inventory risk at any stage.
Leveraging these and other strategic capabilities, you can empower your teams to see and manage beyond the enterprise and drive maximal value from direct procurement. New technology is required to support this strategy by equipping your direct procurement teams with access to a large trading partner network to get the data they need, plus along with integrated, purpose-built software applications for start-to-finish process orchestration.
You will learn how to:
- Transform your direct procurement to a profitable advantage
- Transition direct procurement from tactical to strategic
- Identify where you are in procurement today and where you want to be in the future