procurement digital transformation case study

well-tested five-step process, presen-ted in detail below, can help companies to define a customized digital transformation journey for procurement. 1. Ideation and design thin-king challenge. Digitalization combined with a new under-standing of roles requires far-reaching transformation of procurement.

Making this transition means standardizing, simplifying and automating the elements of traditional procurement to create a frictionless buying experience. This accomplishment will help move procurement functions toward enabling intelligent procurement. As Accenture makes this shift itself, we recognized the need for a strong data and analytics ...

The most powerful way to realize the full potential of digitized procurement is through a user-oriented, end-to-end transformation of the entire source-to-pay (S2P) process. That goal translates into a single focus for procurement digitization: the user experience. Digital procurement: For lasting value, go broad and deep.

Digital procurement transformation is like a marathon in which many companies drop out of the race early on, failing to get beyond an initial set of pilots. And like marathon runners training for a race, companies need to build two kinds of muscle fibers: the "slow-twitch" fibers that enable endurance over a long stretch and the "fast ...

We often hear about Smart Factories, Smart Manufacturing, Plant Automation, etc. Most of the Industrial Digitalization/Digital Transformation and Industry 4.0 applications focus on digitalizing the manufacturing processes, improving production, and shop-floor visibility. However, very few companies talk about making their supply-chain smart or adopting digitalization towards individual aspects ...

In a world of digital hype and with new solutions hitting the market every day, many CPOs are struggling to separate the wheat from the chaff. In this article, we attempt to bring structure to the discussion and provide a simple framework for CPOs to think about superior value creation through digital procurement and advanced analytics.

The economic and strategic benefits of digitizing procurement are real, but the proliferation of competing technologies has made it difficult for companies to figure out where to start. Bain & Company research has identified 22 digital procurement solutions, highlighting an increasingly complex environment. Infographic.

A profound digital transformation is now underway. ... seven case studies from various industries were selected based on their significant successes and experiences in the field of digitalisation in the procurement sector. ... while other attributes have also been explored. The study suggests that RPA impacts on procurement in operational ...

6 | Direct procurement digital transformation Sourcing Sourcing is the process of identifying, assessing and selecting the appropriate supplier that offers the best value to the organization to support business operations for a given need. Withindirect procurement, this can involve analyzing thecategory and market, benchmarking against competitor

More than 800 procurement and supply professionals in 64 countries across 17 industries participated in PwC's most recent survey on the digital transformation of procurement. In this study, we discover the current and future state of procurement digitalisation, including key investment areas, digital roadmaps, key success factors for ...

A major U.K.-based financial services company that provides credit, savings, and mortgages to over four million customers was looking for a high-performing digital procurement solution to achieve spend visibility, manage risks and optimize supplier management. Thanks to GEP's procurement consulting team, the company was able to streamline and ...

The transformation program also helped the company lower supply fees and gain $7.5 million in benefits. reduction in implementation timeline. reduction of support tickets. decrease in development cycle. See how we helped this manufacturer reengineer procure-to-pay processes as well as replace and retire the current legacy system.

Case Study #3: IBM. IBM, one of the world's largest technology companies, has also faced its fair share of procurement challenges. However, through strategic initiatives and innovative approaches, they have successfully turned their procurement around. One key aspect that contributed to IBM's success was their focus on supplier relationships.

At Maersk, a digital procurement team functions as a center of excellence (van Hoek et al., 2022). Moreover, at the leadership level, a DPT head is frequently being appointed. Öhman et al. find that one of the firms in their case study "has established a network of chief digitalization officers (CDOs) in each function including procurement ...

Purpose. The aim of this study was to identify interventions for and mechanisms of the digital transformation of purchasing and supply management (PSM) processes. The digital transformation of tactical and operational PSM processes has often progressed slowly despite the solid knowledge of advanced technologies.

Case Study #1: Johnson & Johnson. Johnson & Johnson, a multinational pharmaceutical and consumer goods company, faced significant procurement challenges that required a successful turnaround. With an extensive product portfolio and complex supply chain, they needed to optimize their procurement processes for cost savings and efficiency.

Procurement Transformation in Digital W orld. Josef Číž 1,, Michaela Krechovská1, and Alena Palacká 1. *. 1 University of West Bohemia, Faculty of Eonomics, Department of Finance and ...

This case study details how a U.K.-based chemicals company partnered with GEP to reduce its costs through supplier negotiations. The engagement, which ran for five months, helped the chemicals giant exceed its savings target by 55%. ... How to Ensure Your Digital Procurement Transformation Program Delivers on the Promise Read More .

TCS platform-based sourcing helped Tata Sons aggregate and rationalize diverse needs across the group companies and rapidly strategize group-level sourcing while overcoming challenges of scale, complexity, supply risk, quality, and cost. The solution encompasses an active engagement model, aggregating complex demand, early supplier feedback ...

Achieving procurement's full potential for lasting impact means accelerating the function's evolution from a traditional focus on savings to a much broader agenda emphasizing value creation and resilience. That has implications throughout the organization, from strategic development through to sales and marketing. Redesign of upstream value ...

Solution. Result. SGN required support to help them define and develop their IT procurement transformation activities. Their primary objectives were to: Ensure the transformation to a cloud first approach was aligned with their overall business and IT strategy. Manage the demand for products and services. Ensure continued contract/procurement ...

Read more on Strategy or related topics Technology and analytics, Digital transformation and Retail and consumer goods Thomas Stackpole is a senior editor at Harvard Business Review. Post

digital transformation. Fueled by visionary thinking and ingenuity, TARUS remains the leader in car design studio solutions. To maintain market dominance and meet accelerating customer demands, TARUS owners—and brothers—Dave and Doug Greig realized they needed to elevate and enhance the capabilities of their clay milling machines.