Being more sustainable with S2P
TECH & AI
workloads are increasing for procurement teams that need to go to market more frequently . CPOs are seeing their teams becoming quite stressed , causing a talent retention problem , so they ' re seeking to reduce that workload and leverage more modern technology to do so .”
Agreeing with Holland , Lampe reflects on the overall resource pressures and the cost of operating . “ Technology is one way to deal with this . Technology can help to increase the impact of the people you can have at your disposal and improve return on investment ( ROI ) in procurement . I think that ' s really where the value of technology comes in .” activities and sourcing are where the biggest gains can be made , the strategic tasks are around negotiating with suppliers , being able to go to market faster and the ability to take a broader view of the market capacity . If you can do that , then you have a key competitive advantage . So , using best of breed e-sourcing is the biggest lever available to CPOs today .”
Where can S2P solutions provide the most value ? When it comes to deriving value from S2P solutions , Holland expresses that “ upstream
Being more sustainable with S2P
“ This is where the majority of the industry falls short today . When it comes to sustainability in procurement , sustainable sourcing we find that this is mostly something that is done by a small team , it ' s not really embedded into an organisation particularly when it comes to there being clear benefits and incentives to make sustainable decisions . Tool providers have realised that bringing sustainability information into their offerings is great for marketing and decision-making .”
Fabian Lampe , Head of Procurement and Marketing
130 February 2022