Transcription of Getting to the world class procurement best practices
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Getting to the world class procurement best practices
Getting to world class procurement best practices Sharing PasiaWorld2016 Philippine Conference10 November 2016 Senior Vice President Supply ChainLBCA gendaBackgroundOur evolving roleCurrent state assessmentBest practicesFollow a programNext StepsShow the resultsProcurement : BackgroundGovernancePeopleProcessEnabler s Weak and traditional policies in place Treating procurement as catch basin for supply chain issues Discounting procurement in strategic planning Few procurement centered initiatives to improve bottom line savings Low investment on skills development Stuck on buyer only mentality Lack of proper training in best practices to elevate procurement organization Maintaining a silo mentality with other business units best practices are not made available or totally unused Dealing with too many third party intermediaries Lack of collaboration with other key business units No coordination of spend across geographic & business boundaries Idle and disaggregated data left unutilized for factual decision making Underutilized eCommercein expanding the market place None-implementation of eProcurement in organization with large processing requirementsAfter working with numerous companies.
Business Imperative Procurement is a vital part of an organization that enables conversion of resources to profit. Similar to other profit generating business units, Procurement can create value and improve the bottom line of the company.
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