KEY FACT
The most successful S2P initiatives are those where cross-functional teams collaboratively define success metrics that matter to the entire business
COUPA | WHITEPAPER
“ We asked if we could substantially reduce the number of clicks, say from 10 to two clicks”
KARAN R. BHATIA, FORMER GLOBAL HEAD OF SOURCE2VALUE SOLUTIONS AND TACTICAL SOURCING SERVICES, SANOFI CHC GLOBAL BUSINESS SERVICES
KEY FACT
The most successful S2P initiatives are those where cross-functional teams collaboratively define success metrics that matter to the entire business
If leaders are familiar with the mandates and challenges their counterparts face, they can align S2P initiatives to deliver value that resonates with each stakeholder group. Finance, for example, may be seeking enhanced forecast accuracy and financial predictability alongside improved working capital management and cash flow visibility. Procurement’ s aim might be to transition from tactical purchasing to strategic value creation, while improving supplier performance management capabilities. The 2024 ProcureCon CPO-CIO Report, based on a survey of 100 procurement, supply chain and risk management leaders from across the US and Canada, uncovered that 41 % of companies say the CIO and CPO are equal partners in technology procurement, while 35 % report that the CIO takes the lead and the CPO assists. Once the diverse business objectives are clear, a unified S2P vision can help to address pain points, moving the conversation from departmental priorities to enterprise-wide value creation. The most successful S2P initiatives are those where crossfunctional teams collaboratively define success metrics that matter to the entire business – not just individual departments. This shared ownership creates momentum that carries transformation initiatives forward, even when challenges arise.
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