Support for Procurement Transformation and Sourcing Center of Excellence Initiatives
Many CPO’s today are in the process of or have plans to conduct Procurement Transformation efforts – to sharply focus and re-align resources on procurement process excellence, improved sourcing strategy, and fine-tuning their measures of success that demonstrate level of value creation to the business.
Procurement Transformation involves organizational changes; streamlining processes; increased centralization, standardization, and compliance; supplier performance and risk management; technology evaluations/upgrades; and often also establishment of a Strategic Sourcing Center of Excellence to serve as an internal consultant and advisor on best practices. (According to a recent CombineNet market study: 55% of companies having over $1 billion in revenue have already established a Sourcing Center of Excellence – with another 15% planning to implement a CoE in the next 12 months.)
CombineNet’s advanced sourcing solution is ideally suited to support a company’s Procurement Transformation and Sourcing Center of Excellence efforts. CombineNet augments your existing Procurement Suite investment (i.e. SAP, Ariba, Oracle, IBM Emptoris, etc.) by providing a richer and more capable solution designed to tackle today’s needs in e-sourcing – and particularly for those spends that are critical to your supply chain or have higher levels of size or complexity. In fact, 70% of our Global 2000 customers use us in conjunction with their existing procurement suites.
CombineNet’s next-generation e-sourcing approach delivers value to clients in several critical areas:
- Accelerating the Aggregation and Centralization of Spends
- Improving Supplier Collaboration and Sourcing Innovation
- Improving Stakeholder and Business Alignment
- Streamlining Procurement Staff Efficiencies and Improving Value-Adding Focus
- Increasing Spend Under Management and Spends Strategically Sourced
How CombineNet Works With You
We’d love to provide you with more details about how our technology can help support your Procurement Transformation and Sourcing COE initiatives, and to share how this has been effective for our global customers. Our advanced sourcing solutions can be strategically aligned with your unique sourcing requirements – and we’ll develop a roadmap for tackling complex or critical spend categories to build early "victories" that can be leveraged for larger-scale roll-out and adoption.
Our advanced sourcing support program for Procurement Excellence and Sourcing CoE’s is managed by Brett Cornell, CombineNet’s Senior Vice President of Strategic Sourcing, who brings more than 20 years of spend management and procurement leadership experience from Johnson & Johnson.
Procurement Transformation White Paper
Read about how 5 key procurement excellence initiatives are propelled by next-generation sourcing technology.