Does Procurement need transformation?

Last night as I scanned through the satellite channels on my television, I stopped on HBO that played the movie “Transformers”. Awestruck by the idea of alien robots turning themselves into everyday vehicles on a normal day, and then suddenly transforming itself into amazing gadgets that fight enemies in a war zone, caught my attention. Of course the movie is far from reality, no one has a confirmation on the existence of aliens, let alone the super natural beings that are otherwise vehicles and could turn into robots.

But the movie made me think about the idea of “Transformation” and being in the procurement space I wondered, Does procurement need transformers? How could they bring about the much needed transformation to evolve as a strategic contributor to business, bringing value beyond savings.

The answer in this case is more realistic compared to the solution Michael has in the movie Transformers!

We recently concluded a webinar with The Hackett Group titled “Building a Business Case for Procurement Transformation” which featured Melanie Flores, Head P2P Advisor Practise EMEA, The Hackett Group & Richard Waugh, VP Corporate Development Zycus Inc. and they provided their insights on how can procurement go about the transformation process.

IDC Highlights Zycus AI: A Game-Changer in Procure-to-Pay Solutions

Discover why IDC, a leading global market intelligence firm, recognizes the transformative potential of Zycus AI Solutions in the procure-to-pay space. This video delves into how Zycus’s innovative technologies are revolutionizing procurement processes and driving efficiency in the Philippines and beyond. Watch the Video to Learn More!

 
Access the archived webinar link below to learn about:

• Ways to benchmark a procurement process
• Road maps of sequencing and deploying underlying technology enablers
• Developing business case matrix for developing a winning ROI
• Plan and manage change effectively by adopting best practices