“ And in doing so , this opens up the opportunity for you to drive more cost efficiencies , more operational efficiencies as well as environmental measures and social objectives such as ethical sourcing , or supporting women-owned businesses . People want to be able to instrument all of this with their system . In my view , we ' re doing two things . We ' re making the framework bigger , and we ' re adding more dimensionality to it .” “ It ' s interesting because when I was at Oracle , my biggest competitor was SAP . And I always admired the fact that not only did they have compelling solutions but they took on some of the hardest business problems in the industry ,” Wookey said .
Finding a way for procurement to gain control and harness spend on things like direct and indirect materials spend , travel expenses , and contingent labour are some of those industry problems SAP tackled .
Cost , Control and Compliance : Gaining Control of The Seemingly Uncontrollable As The Hackett Group ’ s Key Procurement Issues report showed , increasing spend influence remains a top priority for CPOs for 2021 . Hence , a need for better ways to manage all categories of spend across an organisation .
John says when it comes to spend management , procurement is always looking to gain what he calls “ The three Cs ; cost , control and compliance .” This is what allows procurement to gain the control they need to strategise on spend , find and realise cost savings and enhance compliance .
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