1、Leveraging Technology Investments to Improve Internal Relationships&Elevate Procurement 01 I02 I03 IIntroductionSolution Review Spend Analysis Category Management Contract Management Sourcing eCatalog/P2PSummaryPage 03Page 04Page 07Page 08Page 11Page 12 Page 13Page 142Contents3Much has already been

2、written about how technology helps us collaborate with suppliers and external parties and how it has proved its value from the earliest EDI-enabled communications to modern eCatalog and supplier relationship management solutions.This paper,by contrast,explores the internal collaboration benefits tha

3、t can be achieved with Industry 4.0 technologies in greater depth,especially as they relate to cross-functional teams and stakeholders.It is a proven benefit of sourcing solutions,for example,that the procurement sourcing team collaborates on large bids that may span multiple regions or business uni

4、ts.By extension,what is the role of such technologies in engaging business partners and ultimately helping magnify procurements overall value proposition?We also want to understand how source-to-pay technologies elevate the traditional role of procurement.How well are they used to engage,collaborate

5、,and align with stakeholders.Procurement is often viewed as the“gatekeeper”to critical purchases because the processes and responsibilities of procurement are often invisible to business partners.How can technologies be leveraged to change this perception?The stakeholders hear,“I will work on that c

6、ontract”or“I can run a RFP to select a supplier for that spend category”and they are left to their own devices to understand what that entails.They seldom have visibility into the complexities of the process much less the risk mitigations,policy compliance and spend management under which these task